January 13, 2010
Petrol distributors’ attempt to raise petroleum product prices by up to 500 dong per litre earlier this week has not been accepted as yet. Under the proposal made by a number of key petroleum importers and distributors, retail prices of petrol and oil products would rise by up to 500 dong per litre. Distributors said [...]
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December 17, 2009
VietNamNet Bridge – Petroleum distributors have been called “mean” when they decided two days ago to reduce petrol retail prices by only 350-400 dong per litre. On December 15 the DO oil price in Singapore, the main petroleum supply source for Vietnam, decreased slightly to a level lower by nine dollars than November 20, the day [...]
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December 17, 2009
The Viet Nam National Petroleum Corporation (Petrolimex) yesterday, December 15, became the country’s first petroleum distributor to decrease pump prices . . . A driver fuels up at a Petrolimex petrol station in Ha Noi. (Photo: VNN)As of 3.30pm yesterday, the corporation offered A92 petrol at VND15,950 per litre, VND350 lower than its earlier price. [...]
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November 20, 2009
The ministries of Finance and of Industry and Trade gave the approval for petrol and oil dealers to increase retail prices by VND500-1,000 per litre. The new rate increases by VND500 per litre to VND12,700 for fuel oil, VND800 per litre to VND16,300 for A92 petrol, and VND1,000 per litre to VND15,200 for diesel oil [...]
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November 17, 2009
LookAtVietnam – Petrol importers and distributors are seeking permission to raise the retail petrol price by 1,000 dong per litre. The Military Petroleum Corporation, PV Oil and Saigon Petro have proposed to raise the retail price, as a result of world price increases. The proposed price increases are 500-1,000 dong per litre for petrol, while the [...]
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October 20, 2009
VietNamNet Bridge – Domestic petrol prices look set to rise again following world price rises. Key petrol distributors on October 19 all confirmed petroleum prices have been increasing, which has meant difficulties for their business. In particular, they are incurring heavy loss with diesel sales. Representative from Petec say that with the current retail price, it [...]
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October 1, 2009
LookAtVietnam – The ministries of Finance and Industry and Trade yesterday approved a cut in the retail price of petrol from today, October 1. This is the first reduction in the retail price of petrol after seven increases since April.The price will fall by VND200 to VND13,800 per litre of kerosene, by VND300 to VND12,800 [...]
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September 29, 2009
LookAtVietnam – With world petrol prices declining, importers and distributors are being urged to lower the retail price. With people still suffering as a result of the economic downturn it’s hoped that that prices at the pumps will soon lower – offering savings for motorists. The price of A92 petrol imported from Singapore was reported at [...]
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September 17, 2009
VietNamNet Bridge – Long used to low taxes on petrol, importers and distributors consider the current petroleum price structure unreasonable. Long used to low taxes on petrol, importers and distributors consider the current petroleum price structure unreasA litre of petrol: 9800 dong worth of fuel and 5900 dong of tax Petroleum retailers now selling A92 petrol [...]
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September 16, 2009
LookAtVietnam – Despite recent petrol-price hikes, transport companies have been forced to keep ticket prices unchanged to remain competitive. Higher petrol prices have eroded the profits of transit companies.On August 30, the petrol price was raised to VND15,700 (US$0.87) per litre, but so far bus and coach operators have not asked to raise prices, according [...]
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