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Fuel price
Ministry of Industry and Trade announces schedule for fuel price adjustment
The Department of Domestic Market Management and Development (under the Ministry of Industry and Trade) has just issued a document on fuel price adjustment for the upcoming April 30 – May 1 holiday period.
News
Diversifying gasoline and diesel supply sources
The Ministry of Industry and Trade has called for strengthening domestic production capacity, diversifying the sources of gasoline and diesel supply, and developing alternative energy sources such as E10 biofuel, while enhancing storage capacity and risk‑management capability.
Ministry of Industry and Trade proposes advance mechanism for fuel price stabilization fund
Vietnam’s Ministry of Industry and Trade has proposed regulations on advance disbursements to the fuel price stabilization fund.
Strengthening price control and stabilization efforts
Deputy Prime Minister Ho Duc Phoc has just signed Dispatch No. 28 on strengthening price control and stabilization.
PM: Fuel price governance must balance interests of State, businesses, people
Prime Minister Pham Minh Chinh has directed authorities to govern petrol and oil prices in a way that ensures balanced interests among the State, businesses and consumers while maintaining stable fuel supply and preventing market disruptions.
Fuel prices unchanged as stabilization fund used
Domestic fuel prices were kept unchanged in the latest review on March 14 as authorities tapped the fuel price stabilization fund, with support of up to 5,000 VND per liter.
Fuel price stabilization fund used
The Department of Domestic Market Management and Development announced maintaining fuel prices at the latest adjustment level while continuing to draw from the fuel price stabilization fund to help stabilize the market.
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