14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM

Fuel prices in sharp fall on May 4

Son Nguyen

May 04, 2023 / 09:39 PM

The two ministries of Finance and Industry and Trade have made 12 adjustments to fuel prices since the start of the year.

Fuel prices went down sharply as of 3pm on May 4 at the 12th adjustment made by ministries of Industry and Trade, and Finance.

A gas station in Hanoi. Photo: Cong Hung/The Hanoi Times

The price of RON92 E5 fuel fell by VND1,251 per liter to a maximum of VND21,437.

The price of RON95 dropped by VND1,319 per liter to VND22,320 per liter.

Diesel prices declined by VND1,143 per liter to VND18,254.

Kerosene oil price slid by VND952 per liter to VND18,528.

Mazut price was curbed by VND334 per kilogram to VND15,509 kilogram.

The ministries set aside VND500 per liter for RON92 E5 and RON95 fuels and VND300 per liter for diesel and kerosene to supplement the fuel price stabilization fund.

Since the beginning of the year, the ministries have made 12 adjustments in fuel prices, with seven increases and four cuts.

Globally, Brent crude fell a total of 17.2% in three weeks to US$72.33 a barrel on May 3.

Hanoi suggests all-day operation for fuel trucks

12 Nov, 06:35

Fuel trucks may get permits to move in and out of the city all day and night for the next three months to meet the demand for fuel.

Finance ministry proposes drastic cut in environmental protection tax on fuel

20 Jun, 14:04

The cut would lead to an estimated decline of VND1.4 trillion (US$60.3 million) in state budget revenues per month.

Spring Fair 2026 draws visitors on Hanoi traditional crafts through hand-on experiences

Hanoi’s Spring Fair 2026 highlights traditional craft villages through interactive experiences, market expansion and digital promotion efforts ahead of Tet.

07 Feb, 05:04 PM

Hanoi unveils space promoting local brands

The venue will serve as a dedicated center honoring the finest Vietnamese brands and linking them with consumers via both in-person experiences and online channels.

07 Feb, 04:58 PM

Hanoi tipped as emerging rail industry hub

The rail industry complex is expected to serve as the central pillar of a new era for the sector, marked by the emergence of high-speed rail and expanded urban rail networks.

07 Feb, 10:26 AM

Regional specialties drive strong sales at Spring Fair 2026

Food and specialty booths at Spring Fair 2026 are drawing strong crowds and sales as Tet approaches, reflecting rising demand for Vietnamese regional products with clear origins and trusted quality.

07 Feb, 10:11 AM

Hanoi launches product showcase spaces linked to Spring Flower Fairs ahead of Tet

The program ranks among the city’s key trade promotion activities, aiming to stimulate domestic consumption, stabilize the market.

06 Feb, 02:26 PM

Vietnam to tax crypto asset transfers at 0.1%

This approach mirrors the current tax calculation applied to securities transactions.

05 Feb, 04:53 PM

Hanoi craft exhibition showcases Tet goods as shopping demand rises

Featuring 100 booths, the exhibition brings together artisans and businesses from Hanoi and neighboring provinces, presenting handicrafts, gifts, decorations and specialty foods, while promoting craft villages and stimulating consumption ahead of the 2026 New Year.

05 Feb, 01:14 PM

Vietnam establishes support body for International Financial Center Council

Beyond internal coordination, the support body undertakes international cooperation, information and communication activities.

05 Feb, 01:04 PM