Petrolimex Corporation, Vietnam’s top oil importer and distributor, pushed up retail prices of diesel by five percent on Wednesday afternoon, while holding prices of other products.
Vietnam’s top oil importer and distributor Petrolimex Corporation raised retail prices for oil products from four percent to over six percent on May 5.
The Dung Quat oil refinery, in an attempt to reduce losses after certain Free Trade Agreements (FTA) come into effect, is seeking approval from the Ministry of Finance to self-regulate import taxes on oil products.
Petrolimex, Vietnam’s biggest oil importer and distributor, earned nearly VND1.4 trillion ($60 million) in the first quarter of this year, according to a financial report published by the company.
State-controlled Petrolimex plans to complete the merger between its Petrolimex Group Commercial Joint Stock Bank (PG Bank) and Vietnam Bank for Industry and Trade (Vietinbank) in the second quarter of this year, the top oil company said in a statement Monday.
Vietnam’s top oil importer and distributor Petrolimex Corporation raised retail prices for oil products from 1.5 percent to over 2.5 percent on May 20.
Vietnam’s top oil importer and distributor Petrolimex Corp. on Saturday, June 4, raised retail price for RON 92 gasoline by more than 4 percent, the highest rate since December last year.
Vietnam’s leading oil importer and retailer Petrolimex has finalized the sale of an eight percent stake to Japan's JX Nippon & Energy for VND4.04 trillion ($178.3 million).
International low-cost airline VietJet Aviation JSC was the only Vietnamese brand to break into the top 500 of Asia's Top 1,000 Brands recently released in Campaign Asia-Pacific magazine by Nielsen.
Vietnam's leading oil importer and retailer Petrolimex has set a target of average annual pre-tax profit of VND4.5 trillion ($198.9 million) from 2016-2021, up 19.5 percent from 2015.
Petrolimex Corporation, Vietnam’s top oil importer and distributor, reduced retail prices of gasoline by two percent while pushing up fuel prices by more than three percent.
