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Petrolimex reports increase in profits

Petrolimex, Vietnam’s biggest petroleum retailer, has reported an 8 percent year-on-year increase in pre-tax profits in the first 6 months.

Biofuel fails to make a difference in Vietnam, consumption drops

After being introduced as a more environmentally friendly option in late 2017, E5 biofuel consumption has fallen.

Electricity and petrol price hikes pushing inflation up

The latest petrol and power price hike have directly impacted April’s consumer price index, the General Statistics Office (GSO) says.
May 08, 2019 | 10:20 am GMT+7

Central island running out of gas following tanker ban

Ly Son Island residents are hunting for petrol after the island's tankers were banned from sailing on safety considerations.
April 21, 2019 | 01:20 pm GMT+7

Petrol shortage fuels discontent among distributors

Some petroleum distributors are grumbling about getting only 50 percent of demand after Vietnam’s biggest refinery halted production early 2019. 
March 27, 2019 | 12:13 pm GMT+7

Vietnam’s latest fuel price hike spikes inflation concerns

Last weekend’s increase in fuel prices has stoked fears that Vietnam might not meet its 2018 inflation target.
October 08, 2018 | 02:13 pm GMT+7

Vietnam's Nghi Son oil refinery offers first gasoline cargo for export

Vietnam’s Nghi Son oil refinery has offered its first gasoline export cargo, the plant’s owner said on its website.
September 21, 2018 | 11:23 am GMT+7

Vietnamese concerned as biofuel proposed to replace traditional fuel

People fear that they are being forced to buy a product they are not interested in.
May 05, 2018 | 12:05 pm GMT+7

Fuel tanker erupts in giant explosion in northern Vietnam

According to an initial investigation, a fuel pump malfunctioned, causing the explosion.
March 11, 2018 | 01:46 pm GMT+7

Vietnam plans to increase environment tax on petroleum products

The tax hike would add $690 million to the state coffers if approved.
February 23, 2018 | 03:35 pm GMT+7

Thais, Cambodians caught smuggling diesel oil in Vietnam's waters

The crews of 26 people from Cambodia and Thailand aboard three boats were caught last week for transferring diesel oil off Vietnam's southern coast.
April 25, 2017 | 09:54 am GMT+7

High gas prices gouge Vietnamese consumers

Lower tax rates on imported oil products haven't impacted pump prices.
September 22, 2016 | 04:56 pm GMT+7

Vietnam continues to raise pump prices

Petrolimex  pushes up retail prices of oil products by nearly five percent.
September 05, 2016 | 04:56 pm GMT+7

Vietnam slashes retail prices of gasoline

Petrolimex has cut retail prices of gasoline by some 4 percent.
July 20, 2016 | 03:58 pm GMT+7

Vietnam's oil imports from South Korea spike after tariff cut

Vietnam recorded an eight-fold jump in imports of oil products from South Korea in the first five months of this year following a tariff cut.
June 29, 2016 | 06:11 pm GMT+7
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