Gasoline prices up, oil down

February 14th, 2023

Gasoline prices unexpectedly rose Monday by VND540-620 (US$2.3-2.6 cents) per liter, while oil products dropped by VND300-980 per liter.

This is the fifth time retail fuel prices have been adjusted in only six weeks this year.

The price of the Vietnam’s number one selling gasoline RON 95-III went up by VND620 to VND23,760 per liter, and the cost of E5 RON 92 increased by VND540 to VND22,860.

Meanwhile, the diesel price fell by VND960 to VND21,560, kerosene dropped by VND980 to VND21,590 dong per liter, and mazut oil decreased VND300 to VND13,630.

The price hikes announced by the Ministry of Industry and Trade and the Ministry of Finance surprised businesses because it went against the previous forecast.

However, the two ministries said their fuel price management plan would help curb inflation and stabilize the market.

Food

Malaysia’s largest coffee chain Zus Coffee targets 200 Southeast Asian outlets this year

April 25th, 2025

Revolut Continues Its Unstoppable Growth

Levi’s unveils new Icon store at Palladium Mall Mumbai

Google might have to sell off some of its businesses after a judge makes a critical ruling

Sign up for newsletters

Must read

5G helps Ericsson swing to profit in Q1

May 14, 2019

Gentle Monster invests $15 million in Chinese AR startup

August 29, 2022

Hong Kong retail ‘will recover’ says analyst

December 13, 2019

China Mobile eyes 5G technology

February 6, 2015

The ‘Thai goods’ era’ has arrived

May 17, 2016

Search bar placement and design changes are being tested for the Google app

December 1, 2021

Stores’ claims of accepting Pi payment turn out to be misleading

August 2, 2022

Coal buyers spooked by Indonesia’s new shipping rules

February 12, 2018

Behind the Buzz

Retail News Asia — Your Daily Fix of What’s Happening in Asian Retail

We’re here to keep you in the loop—every single day. Whether you’re running a small local shop, scaling an online biz, or part of a global brand making moves in Asia, we’ve got something for you.

With 50+ fresh stories a week and 13.6 million readers, Retail News Asia isn’t just another news site—it’s the go-to source for all things retail across the region.