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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…
Vietnam gasoline prices on Thursday fell to the lowest in five months as global rates decline. The Ministry of Finance and Ministry of Industry and Trade adjusted RON95 prices down 12.1 percent to VND26,070 ($1.11) per liter. This means RON95 is now 20.7…
The Ministry of Finance has apprised the government of its plan to reduce special consumption tax and value-added tax on gasoline to bring its prices down. The plan was announced Thursday by a ministry official without disclosing further details. Currently…
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…
The Ministry of Finance is set to propose a further environment tax reduction on gasoline amid surging prices. It wants to scrap the tax altogether after the National Assembly approved a 50 percent reduction to VND2,000 ($0.086) per liter starting April. The…
A surge in the prices of gasoline, food and some other goods has sent the consumer price index rising by 2.86 percent year-on-year in May. Global gasoline prices went up while the rising costs of raw materials and ingredients pushed up food prices, according…
Vietnam has enough gasoline for the second quarter even without the supply from Nghi Son Refinery, the Ministry of Industry and Trade assured. The refinery, which accounts for around a third of domestic supply, has no plans to deliver products in April and…
Gasoline stations remain shut in southern localities, including HCMC, due to a short supply despite authorities’ assurances to the contrary. As of Thursday afternoon, seven out of HCMC’s 548 gas stations did not have stocks of the popular RON 95 gasoline to…
Domestic fuel rates on Monday were hiked for the sixth consecutive day by the state-owned marketing companies across the metro cities in India leading the prices to touch two-year high. As per the notification from Indian Oil Corporation, petrol and diesel…
Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up. For oil-import…
Oil prices rose on Wednesday as concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry outweighed downward pressure from a darkening outlook for the global economy. U.S. West Texas Intermediate (WTI) crude futures were at…
A Seoul court fined BMW Korea 14.5 billion won ($12.9 million) for manipulating documents on emissions to sell some 29,000 vehicles in Korea. The Seoul Central District Court announced Thursday that the local unit of BMW is guilty of violating customs law.…
The government fuel tax cut, which was implemented to ease the burden on rising crude oil prices, has turned out to be more effective than initially expected. According to the Ministry of Trade, Industry and Energy on Sunday, the average price of gasoline at…
Petroliam Nasional Bhd’s (Petronas) solid balance sheet, sizeable net cash position and ample liquidity provide ample buffer against the payment of one-off dividend to the government that could reach RM30 billion. According to S&P Global Ratings, the…
The Philippines’ largest oil refiner and distributor Petron Corporation is set to further expand its retail business as it continues to enjoy stronger sales and positive growth potentials, reported The Standard. Source: Petron Corporation Facebook Page This…
State-owned oil and gas company Pertamina has lowered the prices of Pertamax gasoline by Rp200-Rp300 per liter effective as of 00:00 on Sunday, 2016. Corporate Communication Vice President of Pertamina Wianda Pusponegoro said in written statement here on…
