Vietnamplus

The Ministry of Industry and Trade and the Ministry of Finance revised up the prices of petrol in the latest adjustment on January 30.

In the latest petrol price adjustment on January 11 by the Ministry of Industry and Trade and the Ministry of Finance, the price of petrol remained unchanged compared with those of the last adjustment.

Consumer prices have been slightly rising in the last quarter of this year because of the increasing demand ahead of Tet (Lunar New Year) holidays.

The retail prices of petrol dropped in the latest adjustment on December 1 by the Ministry of Industry and Trade, and the Ministry Finance.

The Ministry of Finance (MoF) is taking steps to stabilise domestic gasoline prices and supply while removing difficulties for petroleum traders, said Nguyen Tien Minh, Director of the MoF’s Price Management Department.

The retail price of RON 95-III bio-fuel almost reached 24,000 VND (0.97 USD) per litre from 3pm on November 11, following the latest adjustment by the Ministries of Industry and Trade, and Finance.

Fuel prices were slashed by over 1,000 VND per litre across the board on September 12.

Retail petrol prices reduced by more than 600 VND per litre from 3pm on March 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

The Ministry of Finance and the Ministry of Industry and Trade revised up petrol prices on January 11 afternoon.

The retail prices of oil and petrol were revised down starting from 3 pm on December 10 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

The Ministry of Finance and Ministry of Industry and Trade revised up petrol prices on November 10 afternoon.

The Ministry of Industry and Trade (MoIT) has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses.

The Ministry of Industry and Trade and Ministry of Finance on March 27 announced the prices of petrol are kept unchanged from 15:00 on the day as compared to the latest adjustment.

The retail prices of petrol dropped from 16:30 on April 12, the ministries of industry and trade and finance announced.

The Ministry of Industry and Trade and the Ministry of Finance announced adjusting down petrol prices from 3 p.m on September 26.

Retail petrol prices rose sharply from 3pm on June 12 - the third hike in the past month - following the latest review by the Ministry of Industry and Trade and the Ministry of Finance.

Authorities want to maintain the petrol price stabilisation fund as a tool to keep retail prices stable and give them the ability to intervene in the market when necessary.

The retail prices of petrol and oil slightly increased from 15:00 on December 31, following the latest price review by the ministries of Industry and Trade, and Finance.

The fuel price stabilisation fund helps the central government manage domestic fuel prices for the foreseeable future, said Hoang Anh Tuan, Deputy Director of the Domestic Market Department under the Ministry of Industry and Trade, in a recent meeting with industry leaders.

The National Assembly (NA) Standing Committee has recently proposed removing the road maintenance fund and petrol price stabilisation fund.