Popular gasoline price cut by VND1,000

The Government has cut the prices of the popular A92 gasoline and diesel 0.05S by VND1,000 a liter to 12,000 with effect from today.

A motorcycle rider buys gasoline in Ho Chi Minh City (Photo: SGGP)

Kerosene would cost 13,000 and engine oil 3,5S 8,500 after a cut of VND500, the Ministry of Finance and the Ministry of Industry and Trade announced yesterday.

The ministries have instructed oil giant Petrolimex to sell fuel at the notified prices and clearly indicate them at its gas stations.

The Ministry of Finance also decided to hike import tax rate on petroleum products from 25 percent to 35 percent.

But it remains at 20 percent for diesel.

The global price of crude oil has fallen to around US$50 a barrel, just above a third of its peak price achieved last July.

By V.Lan, Ng.Quang – Translated by H.Mien

Other news


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).