Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>Energy  >> Retail petrol price falls again
NEW UPDATES Asean Affairs  21 August 2015  

Retail petrol price falls again

Vietnam: The retail price of petrol and biofuel E5 RON 92 fell by VND768 to VND18,536 (US 82 cents) and VND18,041 (80 cents) per litre starting from 3pm yesterday, following a drop in global fuel prices, the Ministry of Industry and Trade (MOIT) said.

The price of diesel fell by VND441 to VND13,521 (60 cents) per litre. The price of kerosene fell 703 per litre to VND12,409 (55 cents), while that of mazut dropped by VND736 per kilo to VND10,136 (45 cents) per kilo.

In addition, MOIT and the Ministry of Finance said in a joint statement that they had decided to keep the petrol price stabilisation fund unchanged.

Statistics from MOIT show that petrol prices have increased four times this year with an additional rise of VND5,040 per litre. This has been the sixth reduction in petrol prices with an average decrease of VND3,600 per litre this year.

The fuel prices in the world market have sharply fallen and some petrol traders have reported high profits.

The Viet Nam National Petroleum Group (Petrolimex) reported after-tax profits of VND1.125 trillion ($50.8 million) in the second quarter, an increase of 172 per cent over the same period last year.

The group released its consolidated financial statement last week, saying that it had reached VND43.565 trillion ($1.97 billion) in net revenue, down 22 per cent compared to the same period last year.

US benchmark West Texas Intermediate (WTI) for September delivery was at $71.79 a barrel, down 0.29 per cent from its sellinge price in electronic trading in New York on Tuesday – the lowest level since March 2009.

Brent crude in London also fell by 0.29 per cent to $48.6 a barrel.

In the Asian market, the crude oil price fell $0.62 a barrel to $41.88, lower than the record low of $42.03 a barrel in March.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           August  21 , 2015 Subsribe Now !
• Retail petrol price falls again Subcribe: Asean Affairs Global Magazine
• Singapore-based bullion retailer eyes Bruneian investors 
• AirAsia X net loss widens on fewer flights
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Workers pelt factory 
• Kirin Holdings to buy F&N’s stake in Myanmar Brewery 
Asean Analysis                   August 21, 2015
• Asean Analysis August 21, 2015
Endgame to Myanmar’s Cease-fire Deal Tests President Thein Sein’s Resolve
Advertise Your Brand

Asean Stock Watch  August  20,   2015
• Asean Stock Watch-August 20, 2015
The Biweekly Update
• The Biweekly Update August 21, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand