Doubts persist over E5 fuel sales Business

Doubts persist over E5 fuel sales

Southern cities and provinces are ready to switch from the RON92 grade petrol to E5 biofuel starting next year, but concerns remain over its pricing and consumer preference.
 Prime Minister okays petrol tax changes Business

Prime Minister okays petrol tax changes

Prime Minister Nguyen Tan Dung has approved calculation of petroleum import tax based on weighted average of the tariffs, taking into account Most Favoured Nation status and Free Trade Agreement.
Petrol prices may be adjusted daily Business

Petrol prices may be adjusted daily

Local retail petrol prices could be adjusted daily instead of every fortnight in the future, Do Thang Hai, Deputy Minister of Industry and Trade, said.
Business

Fuel price stabilisation fund surges to record high

As of the third quarter of this year, the balance of the fuel price stabilisation fund had risen to nearly 2.3 trillion VND, the highest since the use of the fund was made known to the public, the Saigon Times Daily reported.
Business

Petrol tariff rises from zero to 4 percent

The Ministry of Finance on Wednesday decided to hike import tariffs on petrol products from the current zero percent to 4 percent to ensure the interests of the State, enterprises and consumers.
Business

Poor fuel management costs millions

Poor fuel forecasting and lack of communication had caused Vietnam to spend valuable foreign currency on importing petrol while domestic petrol was in oversupply, the Ministry of Industry and Trade said this week.