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


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).