Gasoline

It is impossible not to impose special consumption tax on gasoline

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Regarding the tax on gasoline, Minister of Finance Nguyen Van Thang said that the special consumption tax on gasoline has been implemented since 1998.

Considering imposing special consumption tax on air conditioners and gasoline

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Some National Assembly deputies believe that the use of air conditioners and gasoline is popular, so it is necessary to consider applying Special Consumption Tax.

Advantages and disadvantages when gasoline distributors buy and sell from each other

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The Ministry of Industry and Trade said it will submit a plan for petrol distributors to buy and sell from each other, creating conditions to diversify the distribution system.

National Assembly deputies propose that petroleum businesses should be allowed to freely buy and sell

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Businesses and experts hope that the petroleum decree will move towards marketization, including reconsidering the prohibition of traders from distributing and trading with each other.

Sometimes prosperous, sometimes disastrous because of uncontrolled gasoline discounts

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Many retail and distribution businesses of gasoline are "on edge" at the risk of losing money again due to the "squeezing" of gasoline discounts by key businesses.

Russia's move affects major oil and gas customers

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Russia has announced an extension of the ban on gasoline exports from August to October, to compensate for increased domestic demand in spring and summer.

Oil prices accelerate, increase by more than 2% in the last session of the week

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In the trading session on December 9 (Vietnam time), oil prices continued to increase after US data supported demand growth expectations.

World oil prices continue to increase

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In the trading session on December 27 (Vietnam time), world oil prices increased in the context of China's announcement of easing COVID-19 pandemic restrictions.

Oil prices increase after Russia reduces production

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In the weekend trading session on December 24 (Vietnam time), oil prices increased sharply after the announcement of the possibility of cutting Russia's output to deal with the price cap.

World oil prices regain momentum

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The weakening of the USD and the tight supply pressure have supported oil prices today (November 23, Vietnam time) to increase.

World oil prices remain stable

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In the trading session on November 22 (Vietnam time), world oil prices tended to move sideways despite concerns about economic recession, reduced demand...

World oil prices continue to decrease

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Concerns about weak demand in China - the world's leading oil consumer and additional increases in US interest rates have pushed oil prices down by about 2% in the last trading session of the week on November 19 (Vietnam time).

World oil price drops below 90 USD/barrel

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World oil prices continued to decrease in the session on November 18 (Vietnam time) due to demand being tightened by the increase in COVID-19 cases in China and concerns about the US interest rate increase.

World oil prices regain momentum

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On November 16 (Vietnam time), oil prices increased again when the International Energy Agency (IEA) warned about the upcoming ban by the EU on Russian oil exports by sea.

World oil prices fall after OPEC+ lowers demand forecast

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After the Organization of the Petroleum Exporting Countries and its allies (OPEC+) lowered its forecast for global oil demand growth in 2022 and 2023, world oil prices fell significantly in the trading session on November 15 (Vietnam time).