Petrol prices dip to ten-year low
|TIN LIÊN QUAN|
|Retail prices of petrol plummeted for the fifth time in 2020|
|Rice export prices surge amid high demand|
|Petrol prices between Jan 15-March 29.|
The Ministry of Industry and Trade and the Ministry of Finance have recently decided to cut retail prices of biofuel E5 RON92 by VND 4,100 to VND 11,956 (US$ 0.69) per liter at the highest, and that of RON95-III was also reduced by VND 4,252 to VND 12,560 per liter.
The prices of diesel 0.05S and kerosene were VND 11,259 per liter and VND 9,141 per litre, down by VND 1,776 and VND 2,705 per liter, respectively.
Price of Mazut 180CST 3.5S was VND 9,453 per kilogram, down VND 1,048 per kilogram.
This was the sixth consecutive reduction since the beginning of this year.
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Kicked off in 2013, Nghi Son Oil Refinery meets roughly 80% of domestic demand for petroleum, reducing independence on imports.
|Foreign investors look to enter Vietnam’s petroleum market |
The government is offering foreign investors opportunities to participate directly and indirectly in the petrol and fuel industry to improve the competitiveness and performance of ...
|Idemitsu Q8 officially joins Vietnamese petroleum retail sector |
Foreign investors’ joining the retail distribution of petroleum is expected to break domestic distributors’ dominance, heating up the competition in this sector.