Petrol drops, oil climbs

Petrol drops, oil climbs

According to order of the ministries of Industry and Trade and Finance, petrol prices in Vietnam slightly declined while oil prices edged up as of 3 p.m. on December 16.
Fuel prices decline by VND500 per liter

Fuel prices decline by VND500 per liter

The ministries of Industry and Trade and Finance on August 16 ordered fuel wholesalers to reduce their prices by more than VND500 per liter as of 3 p.m.
State should create fair competition in fuel market

State should create fair competition in fuel market

Petroleum products are said to have been moving in accordance with the market but in comparison with the sacrifice of consumers, it is unreasonable that fuel distributors do not have to concern about losses as they have been earning a certain profit of VND300 for each liter of gasoline they sold.