Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade BCHUSD, Bitcoin and Cryptocurrencies

BUY & SELL BCHUSD | View BCHUSD News & Updates


Buy Sell BCHUSD, Bitcoin and Cryptocurrencies

Gas prices rise by up to 9.5 percent   2009-06-11 - Thanh Nien

 
 
   
Fuel traders Wednesday raised retail prices of gasoline, diesel and kerosene by up to 9.5 percent after receiving permission from the Ministry of Finance and the Ministry of Industry and Trade.

 

The popular 92-octane gasoline is now priced at VND13,500 (US$0.75) per liter, up from VND12,500. Diesel and kerosene prices have risen to VND11,500 and VND13,000 per liter from VND10,500 and VND12,000 respectively.

A Finance Ministry statement says import tax on mazut, or machine oil, is likely to be lowered to 25 percent from the current 30 percent.

Fuel retailers are reportedly incurring a loss of about VND2,000 (11.8 cents) a liter of the 92-octane gasoline as world oil prices climb to over $70 a barrel.

Vietnam imported 5.5 million tons of petroleum products worth $2.2 billion in the first five months of this year, seeing respective year-on-year declines of 5 percent and 55.3 percent, according to the General Statistics Office.

Crude oil for July delivery advanced as much as 2.3 percent, a seven-month high of $71.65 a barrel in after-hours trading on the New York Mercantile Exchange, Bloomberg reported. Crude traded at $71.50 at 4:22 p.m. Wednesday in Singapore, after gaining $1.92 to $70.01 Tuesday, the highest settlement since November 4.



Other news

Chinese fishing ban hurts seafood processors   2009-06-11

Co.op Mart puts Tan Hiep Phat products back on the shelf   2009-06-11

Sai Gon-Ha Noi Bank to issue shares   2009-06-11

Banks finance petroleum storage facility   2009-06-11

National rice reserves don’t greatly affect rice prices   2009-06-11

Property bidder says will sue Gov’t for huge damages   2009-06-11

Government urges HCM City port operators to move quickly   2009-06-11

KBC, Starwood in hotel mgmt. deal   2009-06-11

Banks finance petroleum storage facility   2009-06-11

Car makers from 40 countries show new models in Ha Noi   2009-06-11

Gold’s uptrend may end soon   2009-06-11

Vietnam to slow inflation to 6 percent this year, PM says   2009-06-10

HCMC stocks extend gains, turnover rockets   2009-06-10

Trung Nguyen breaks ground for new instant coffee plant   2009-06-10