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The proposal for cuts to special consumption tax and value-added tax on gasoline will not be reviewed in the upcoming National Assembly session. Addressing the press Monday afternoon, Nguyen Minh Son, vice chairman of the Economic Committee, said the…
Vietnam gasoline prices on Monday dropped 1.8 percent to the lowest since Feb. 21 as global rates declined. A liter of popular RON 95 gasoline now costs VND25,600 ($1.10), while that of biofuel RON 92 E5 costs VND24,620. This means prices have fallen…
Liquefied natural gas (LNG) power has been considered a major part of Vietnam’s solutions for reducing carbon emission, but the country is facing several hurdles in using it. LNG emits half the amount of carbon compared to coal in electricity production,…
Vietnam’s RON 95 gasoline price increased by 1.54 percent Tuesday to a new record of VND32,870 ($1.42) per liter, having risen by 41 percent so far this year. This was the seventh increase in a row since mid-April of the popular gasoline, which accounts for…
Asian gas consumers are facing hard times as they are forced to import spot LNG at record high prices. Experts believe this is likely to kill any demand for gas within the region and accelerate demand destruction for natural gas while also amplifying concerns…
Vietnam gasoline prices skyrocketed by 10 percent to another new record Friday, after authorities adjusted them upward for the seventh time in three months. The price of popular gasoline RON 95 and biofuel E5 RON 92 both rose from VND26,830 per liter to…
Gas stations across the country are again complaining about supply shortages and losses due to surging prices, which are forcing them to limit sales. In the southern province of An Giang, some limited sales to VND30,000 ($1.32) per customer on Tuesday,…
Oil prices fell about 1% lower on Friday, posting to their steepest weekly losses in months, on worries that travel restrictions to curb the spread of the Delta variant of COVID-19 will derail the global recovery in energy demand. Crude futures also came…
A lack of policies promoting battery production and building a charging station network is preventing the electric car market in Vietnam from hitting the road running. At the end of March, automaker VinFast began accepting pre-orders for its first electric…
Oil marketing companies have left petrol and diesel prices unchanged across the country on Wednesday. According to Indian Oil Corporation website, a litre of petrol costs Rs 74.76 in Delhi, Rs 77.44 in Kolkata, Rs 80.42 in Mumbai and Rs 77.72 in Chennai on…
Fuel and convenience retailer Caltex is planning to undertake an initial public offering (IPO) of up to a 49 percent stake in 250 retail sites. The retailer would retain a majority 51 percent interest and enter into a long-term lease agreement for each site.…
Fuel giant BP Australia has joined 7-Eleven and pulled two “M+” rated magazines from its 350 petrol outlets across the country after complaints they sexualized young girls and promoted harassment. People and The Picture magazines, published by Bauer, will be…
The leader of Caltex Australia for the past decade has announced his upcoming retirement. Managing director and chief executive Julian Segal, who started at the petrol and convenience business in 2009, will stay on board until a suitable replacement is found.…
Petronas Gas Bhd’s net profit fourth quarter ended Dec 31, 2018 fell 34.7% to RM317.90 million from RM486.70 million a year ago, largely attributed to share of losses from a joint venture company, Kimanis Power Sdn Bhd. The losses were due to de-recognition…
LNG Canada, the US$30 billion (RM125.7 billion) liquefied natural gas (LNG) export project, has bagged another client after project shareholder Petroliam Nasional Bhd (Petronas) signed an initial sales deal with trading house Vitol. Royal Dutch Shell decided…
Murphy Oil Corporation is in talks to sell its Malaysian oil and gas assets after an unsolicited bid that could fetch between US$2 billion to US$3 billion (RM8.4 billion to RM12.6 billion), people familiar with the matter said, in the latest energy merger and…
