Tag: petrol
Petrol distributors: price decrease not being considered
VietNamNet Bridge – People’s hopes of a petrol price decrease did not come true as a price decrease has been announced for diesel only. “When will the petrol price decrease? I’m a newly graduated student, and now I can earn less than VND1mil a month from my new job. The petrol price remains overly high for me,” a VietNamNet reader... Read more
Vietnam to have made-in-Vietnam oil and petrol products
VietNamNet Bridge – The Dung Quat Oil Refinery is expected to be putting out the first made-in-Vietnam commercial oil flow in two months, according to Deputy General Director of Dung Quat Oil Refinery Dinh Van Ngoc. Deputy General Director of Dung Quat Oil Refinery Dinh Van NgocNgoc said that the oil refinery will become officially operational on February... Read more
Oil leaking from damaged petrol and oil depot on Hai Van pass
VietNamNet Bridge – The petrol and oil depot on Hai Van pass was damaged, resulting in an oil spill and flowing into the sea. Local residents try to obtain as much as they can for personal useSerious trouble occurred with the petrol and oil depot on Hai Van pass in Hoa Hiep Bac ward, Lien Chieu district in the central city of Da Nang on December 15. The... Read more
Petrol price slashed by another VND 1,000 to VND 11,000 per litre
VietNamNet Bridge – The Ministries of Finance, and Industry and Trade have decided to set the new retail petrol price at VND 11,000 a litre, or VND 1,000 lower than the previous price which has been applied for the last week. However, the time for applying the new prices will be decided by petrol distributors. Under the latest decision, the A92 petrol,... Read more
Petrol price should be VND 8-9,000/litre
VietNamNet Bridge – Petrol distributors say they set up domestic prices close to the world’s prices. However, despite the sharp falls of the oil prices, they have deliberately still not lowered the retail petrol prices. The crude oil price in the world moved up slightly, to over $43/barrel, after falling to below $40/barrel late last week. However,... Read more
Motorists cash in on petrol price cuts
VietNamNet Bridge – The Ministries of Industry and Trade, and Finance have announced they are to slash the retail prices of petrol and fuel nationwide by between 500-1,000 VND (0,06 USD) per litre, as of Dec. 1. As a result, a litre of A92 petrol unleaded will now cost 12,000 VND, down from the previous price of 13,000 VND. The new price for a litre of... Read more
Further petrol price decrease not yet planned
VietNamNet Bridge – The world’s oil prices have been steady at low levels, as the retail petrol prices in regional countries have been decreasing. Meanwhile, Vietnamese petrol importers and distributors say they still have not planned any further price cuts. A representative from Petrolimex, the biggest petrol importer and distributor, said that with... Read more
Petrol price cut can’t help Index
VietNamNet Bridge – Share prices and market volumes both declined significantly yesterday, despite the Ministry of Finance’s approval of an additional VND1,000-per-litre cut in domestic petrol prices last weekend. In Ha Noi yesterday, trading volume dropped 47.5% to 4.7mil shares with a total value of VND130.7mil ($7.8mil). The HASTC-Index shed 2.41%... Read more
HCM City: petrol prices down, food prices skyrocket
VietNamNet Bridge – Despite the sharp decreases in petrol prices, the price of most commodities in HCM City, especially fresh food, have been skyrocketing, creating surprise for everyone. On November 15, the day the petrol price decrease of VND 1,000/litre was announced, the price of spinach jumped to VND 10,000/kg at the market, in the centre of district... Read more
Da Nang petrol spill caused $17,600 in losses: report
A petrol spill on October 16 caused an estimated VND300 million (US$17,600) in losses to fishermen in Hoa Hiep Bac Ward of Da Nang City’s Lien Chieu District, local authorities said in a report. The losses included 77 vessels grounded from October 16 to November 1 that were unable to fish and the death of... Read more