Accordingly, the retail price of petrol remained at 21.350 VND (0.91 USD) for E5 RON 92 and 22,150 VND for RON95.

Prices of petrol hold, oil down 520-960 VND per litre from January 11.

Meanwhile, the price of diesel oil decreased by 520 VND to 21,620 VND per litre, kerosene went down by 960 VND to 21,800 VND per litre.

The price of mazut oil also went down 380 VND per litre to 13,740 VND per litre.

At this price adjustment, the two ministries decided to not extract petrol oil prices for the price stablisation fund.

However, from January 11, they started to extract 605 VND per litre from diesel oil, 650 VND per liter from kerosene, and 300 VND per kg from mazut for the petrol price stabilisation fund.

Scrap special consumption tax on gasoline: VCCI

Reducing special consumption tax on gasoline to zero and cutting value-added tax by half will provide positive impacts amid global uncertainties, the Vietnam Chamber of Commerce and Industry (VCCI) proposed.

34 injured as gas pipe explodes at Samsung supplier

At least 34 people were hospitalized after a gas pipe at a factory of South Korea's electronic component producer Seojin Automotive Co. Ltd in northern Vietnam exploded.

Gasoline prices hit six-month low

Vietnam gasoline prices on Thursday dropped 3.6-3.8% to the lowest since Feb. 11 as global rates kept falling.

​Vietnam halves import tariff on gasoline to 10%

Vietnam halved its Most Favored Nation (MFN) tariff on gasoline to 10% Monday as it seeks to diversify supply.

Finance ministry proposes tax cuts on gasoline

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.

Source: VNA