Petroleum prices increased by VNĐ350 per litre

Live Quote: On

RSS

My Page | Contact Us

RSS

RSS

Company A-Z | Stock Screener | My Portfolios | Streaming Quotes | Technical Analysis

Investing Tools

Useful Links

Thursday, May 2, 2024 1:54:40 PM - Markets open

VN-INDEX

1,209.08

-0.44/-0.04%

HNX-INDEX

226.34

-0.48/-0.21%

UPCOM-INDEX

89.50

+0.74/+0.83%

Petroleum prices increased by VNĐ350 per litre

Vietnam News - 4/21/2017 9:46:42 AM

(0 ratings. You must sign in to rate.)

Print |

Add To Favorites |

Email |

RSS

The ministries of industry and trade and finance decided to raise retail petrol prices as of 3pm today.

The retail prices of all petroleum products were increased by VNĐ350. Accordingly, RON 92 petrol will trade at a maximum price of VNĐ17,583 (78 US cents) per litre and E5 bio-fuel will trade at VNĐ17,382 per litre.

0.05S diesel will trade at a maximum price of VNĐ13,819 per litre and kerosene at VNĐ2,338 per litre, while mazut will be traded at VNĐ10,966 per kilo.

The two ministries also decided to reduce the use of the petrol price stabilisation fund for RON92 petrol and E5 bio-fuel. Accordingly, subsidies for RON92 petrol and E5 bio-fuel were set at VNĐ300 and zero đồng per litre respectively.

The ministries said retail petrol prices were increased because the average global petrol price in the 15 days prior to today was some $66 per RON92 barrel, an increase of $4 from the last adjustment.

Deputy Minister of Industry and Trade Hồ Thị Kim Thoa, at a conference earlier this week, said petroleum prices have been controlled following market movement. In addition, the balance of the price stabilisation fund was more than VNĐ2 trillion.

Deputy Prime Minister-cum-head of the price management board Vương Đình Huệ asked the two ministries to calculate the effects of the petrol price adjustment on the local market and the use of the price stabilisation fund. The ministries were also required to study the revision of the Government’s Decree No 83 on petroleum trading.

Local petroleum prices have been adjusted seven times, so far, this year, including an increase of VNĐ504 on February 18.

In the last adjustment, the petroleum price was reduced by VNĐ81 to VNĐ17,233 per litre, while E5 was decreased by VNĐ67 per litre to VNĐ17,032.

Newer News
24/04	VN's economy forecast to grow by 5.5 per cent in 2024
24/04	EVN seeks PM's solutions for solving challenges in PPA negotiations
24/04	Standard Chartered revised down Việt Nam’s 2024 GDP growth forecast to 6%
24/04	Vietnamese PM outlines three key breakthroughs for ASEAN's path to digital excellence
19/04	VN's exports $25.77 billion to the US in Q1
17/04	Vietnamese airlines boost capacity amid holiday rush despite aircraft shortage
16/04	Private sector contributes 45% of GDP
12/04	Việt Nam’s growth projected at 6% in 2024 with policy adjustment: AMRO
12/04	Public investment projects: big push for construction materials sector
10/04	Việt Nam's exports to India maintain growth momentum

Older News
20/04	SCIC targets 7.34 trillion VND in post-tax profit in 2017
20/04	Petrolimex’s foreign ownership cap at 20%
20/04	VN needs national branding: experts
19/04	Wood industry urged to develop more linkages
18/04	Steel industry to grow, export pressures high
14/04	SCIC plans to sell State capital in 137 firms
14/04	Experts urge private economy boost
13/04	Businesses more aware of CSR: Vietnam Report
11/04	EU investors pump more than $21.56 billion in Việt Nam
11/04	VN to reach GDP of 6.5% this year

Newsletter Signup

Top Stories

	Businesses concerned about rising exchange rate pressure
	Gold bar auction to be resumed after 11 years of suspension
	PM Chính requires strengthened gold market management
	Bank shareholders to receive high dividends, stock bonuses
	Shares sustain gains on strong investor confidence