Trade ministry ensures sufficient petrol supplies ahead of upcoming holidays
In the latest petrol price adjustment period on August 22, the domestic retail prices were back on the upward trend following five consecutive cuts in July.
In the latest petrol price adjustment period on August 22, the domestic retail prices were back on the upward trend following five consecutive cuts in July.
With such decreases, petrol prices have moved close to the February price range.
The Government is looking at measures to curb the rising trend of petrol prices on the domestic market, which is placing a huge burden on the economy.
This marked the seventh price hike since April 21.
This marked the fifth price rise since April 21. Since last month, prices of RON95 rose by VND4,260 per liter, and E5-RON92 by VND3,760.
The latest price adjustment marked the second hike in a row since late April.
This marked the second consecutive decline after six rises in a row since the beginning of this year.
Government agencies would continue to closely follow the impacts of the Russia-Ukraine conflict on prices of petrol and other products to map out different scenarios accordingly.