Petrol prices cut down, oil edge up

The Ministry of Industry and Trade and the Ministry of Finance yesterday announced slight decrease in petrol price and increase in oil price from 4:55 p.m on the same day.

 A filling station in HCMC

A filling station in HCMC

The price of RON 92 gasoline reduced VND112 a liter to VND17,999, ethanol gasoline blend E5 dropped VND105 to VND17,731 a liter.
Meantime, diesel increased VND147 to VND14,588 a liter, kerosene edged up VND318 to VND13,433 a liter and mazut hiked VND212 to VND11,748 a kilogram.
In addition, the two ministries permitted businesses to keep contribution level to the price subsidization fund unchanged and raise the fund's spending to VND130 a liter to mineral gasoline, VND110 a liter of gasoline E5. The spending level remained unchanged at VND180 a liter of diesel, VND190 a liter of kerosene and VND100 a kilogram of mazut.
On the same day, the opening ceremony of Idemisu Q8 filling station was organized in Thang Long industrial park, Hanoi. That is the first foreign invested filling station in Vietnam, under the joint venture between Kuwait Petroleum and Japanese Idemitsu Kosan.

By NGOC QUANG, ANH THU - Translated by Hai Mien

Other news

Most view


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.


Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.


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).