Petrol prices reduce extra of VND310 a liter

Petrol trading businesses have lowered petrol prices by VND310 a liter from January 6 as per instruction by the Ministry of Industry and Trade and the Ministry of Finance, making it the first reduction in 2015.

Photo: SGGP

According to the Vietnam National Petroleum Group, the price of Ron 92 has reduced to VND17,570 a liter, diesel to VND16,630, Kerosene VND17,110 and engine oil VND12,930.

The contribution rate to the price subsidization fund has been reduced to VND500 a liter.

Import tariffs are increased from 27 percent to 35 percent for petrol, from 23 percent to 30 percent for diesel, from 26 percent to 35 percent for kerosene and from 24 percent to 35 percent for engine oil. The new rates become effective today--January 7.

The latest petrol price reduction was on December 22 last year.

By Ha My – Translated by Hai Mien

Other news

Most view

Banking-finance

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.


Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

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

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.