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Cooking gas prices have decreased on June 1 following the falling prices in world market. The retail prices of Petrolimex gas (including VAT) in June in Hanoi is VND371,600 ($15.82) per 12 kg cylinder; down VND33,640. Nghiem Xuan Cuong, head of the Commercial…
Cooking gas prices rose on Thursday in Ho Chi Minh City and other southern localities, with a 12-liter cylinder now costing VND438,000 (US$17.78), 3.06% higher than before. This is the second increase since November after prices fell for six months in a row…
Gasoline shortages have been occurring only in a few southern locations and the country has adequate reserves to fully meet demand, the industry ministry has assured. Shortages are only reported by small distributors who want to hold on to their stocks to…
Petrolimex has reported pre-tax profits of over VND1 trillion ($44 million) in the first quarter thanks to the Covid-19 pandemic being contained and rising global oil prices. It has made a loss of VND1.7 trillion in the same period last year. The management…
Indian state refiners’ local fuel sales in April declined due to state-level restrictions aimed at stemming a rampant second wave of coronavirus infections, preliminary data shows. The deadly second wave topped 400,000 new daily cases for the first time on…
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…
Fuel price rates continued a downward trend for the second day on Friday. Delhi, Kolkata, and Mumbai saw a decline of 18 paisa a litre on petrol and Chennai 19 paisa per litre. Similarly, diesel rates also reduced by 8 paisa a litre in Delhi, Kolata and…
German carmaker Volkswagen is in talks to buy a stake in GAZ, a Russian manufacturer of light commercial vehicles (LCV), five sources familiar with the talks told. It was not immediately clear how big a stake is being discussed or the value of the deal. GAZ…
Petron, the country’s biggest oil refiner and retailer, has partnered with two foreign firms to start building a new oil refinery worth $15 million to $20 billion by early 2018. “This is the biggest investment in the Philippine history so far. Have you seen a…
South Korean motorists pay much higher oil taxes than their counterparts in the United States and Japan, a report said Monday, sparking calls for the government to lower them. According to the report by online crude price provider Opinet, gasoline prices in…
The price of petrol has gone up because the price of refined petrol has increased, even though crude oil prices have dropped. In refuting allegations by the opposition, the Barisan Nasional Strategic Communications Team said today Malaysians used refined…
PT Pertamina reported US$1.83 billion (Rp23.8 trillion) in net profit in the first half of the year, or an increase of 221 percent from the same period last year. Chief Executive of the state-owned energy company Dwi Soetjipto attributed the increase in…
Foreign investors have shown strong interest in the downstream oil and gas business in Indonesia. A leading Hong Kong-based company recently announced its interest in investing in the filling station business in Southeast Asia’s largest economy. The company’s…
