fuel price

Retail Asia15/07/2022

Gasoline prices may have fallen by 10 percent on Monday, but to many people’s chagrin this has not had a knock-on effect on other prices. Three days after fuel prices fell, Hanh, owner of a chicken pho restaurant in Hanoi, has yet to adjust prices downward. A bowl of pho still costs VND40,000-60,000 ($1.71-2.56), up […]

Retail Asia29/06/2022

Sao Viet Bus, which operates on the northern route Hanoi – Lao Cai Province, is struggling to survive as the price of fuel, which accounts for 50 percent of costs, keeps rising. “If we do not operate regularly, we will lose our slots at bus stations, but the more we operate, the more we lose […]

Retail Asia10/10/2018

Last weekend’s increase in fuel prices has stoked fears that Vietnam might not meet its 2018 inflation target. The ministries of Industry and Trade and Finance upped fuel price last Friday, and prices of biofuel E5 RON 92 went by VND675 per liter to VND20,906 (90 cents) and that of RON 95 by VND577 to […]

Retail Asia08/10/2018

The government, which has promised to stabilise the fuel prices and reintroduce fuel subsidies to targeted groups in its manifesto, has yet to make decision on its fuel subsidy plans. “We are still drafting it. We have not come up to a number yet, and whether there is a decrease or increase (in fuel subsidy) […]

Retail Asia05/07/2018

Prime Minister Nguyen Xuan Phuc will persist with a controversial plan to increase environmental tax on fuel to the highest level permitted, a source said. A Finance Ministry official who did not want to be named said the plan will be discussed at the meeting of the Standing Committee of the National Assembly, Vietnam’s parliament, […]

Retail Asia08/06/2018

The government has reiterated its commitment to keep fuel and electricity prices steady this year, amid rising global oil prices and the recent strengthening of the US dollar. State Enterprises Minister Rini Soemarno said the government will continue to subsidize diesel fuel at the current rate, which is four times higher than planned in the state budget. […]

Retail Asia10/01/2018

Harga-BBM-Sudah-Naik-Pertamina-Justru-Catat-Kerugian-Rp12triliun-1024x743.jpg

State-owned energy company Pertamina needs to spend around Rp 800 billion to Rp 1 trillion ($70 million) this year to support the government’s single-price fuel scheme in 54 of the country’s most remote areas, a minister said on Monday (08/01). The administration of President Joko “Jokowi” Widodo initiated the single-price fuel scheme in October 2016 […]

Retail Asia05/12/2017

Vietnamese state oil distribution firm PetroVietnam Oil Corp (PV Oil) plans to offer 20 percent of its shares in an initial public offering (IPO) in January that aims to raise at least $92 million, its parent firm said on Friday. PV Oil will also offer up to an additional 44.72 percent to strategic investors and […]

Retail Asia23/11/2017

RON95 and RON97 petrol will be both be 8 sen cheaper at midnight, ending five consecutive weekly price increases. The Domestic Trade, Co-operatives and Consumerism Ministry announced today that RON95 will retail for RM2.30/L and RON97 for RM2.58/L, while diesel will drop by 2 sen to RM2.23/L. All prices are effective after midnight and valid until next Thursday. […]

Retail Asia03/01/2017

Fuel prices will increase between 15 to 20 sen just as Malaysians usher in the New Year at midnight tonight, according to the Petrol Dealers Association of Malaysia (PDAM). The widely used RON95 petrol will cost RM2.10 per litre from tomorrow, and diesel RM2.05 per litre, an increase of 20 sen. The RON97 petrol will […]

Retail Asia16/03/2016

PT Pertamina (Persero) has issued circular letter on general fuel (BBM umum) and designated fuel (BBM khusus) prices in its Marketing Operation Region III. Based on circular letter no 518/F13410/2016-S3, general and designated fuel prices have changed at Region III Pertamina which consist of 27 public gas stations in West Java. New prices listed in […]

Tag: fuel price

Fuel price cuts fail to drag prices down

Industries hit hard by rising fuel prices

Vietnam’s latest fuel price hike spikes inflation concerns

Malaysia’s govt undecided on fuel subsidy plans

Vietnam fuel tax set to rise to highest level

Indonesia Gov’t to Foot Rising Fuel and Electricity Subsidy Bills

Pertamina Needs Up to $70m to Support National Single-Price Fuel Scheme

Vietnam’s PV Oil hoping to strike it rich with $92 million share sale in January

Fuel prices drop after five weeks of hikes

Malaysia Fuel prices up 15-20 sen in January 2017

Pertamina Issues New Fuel Prices