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Ministry of industry and trade explains reasons for night-time fuel price adjustments

VnExpress

Night-time fuel price adjustments are only applied in unusual circumstances to closely monitor global market fluctuations and prevent speculation and hoarding, according to a representative from the Ministry of Industry and Trade.

Electric motorcycles in high demand in Pakistan as gasoline prices surge

VnExpress

Pakistanis are increasingly purchasing electric motorcycles and utilizing rooftop solar power for charging amidst rising gasoline prices due to the Middle East conflict.

Wealthy americans also uneasy about the economy

VnExpress

US consumer confidence falls to a 3-month low as Middle East conflict drives up gasoline prices and stock markets decline.

Investors Believe Oil Price Shock is Temporary

VnExpress

Long-term oil futures prices are notably lower than short-term contracts, indicating investors believe current levels above 100 USD per barrel are temporary.

Middle East conflict sends 'wake-up call' on renewable energy

VnExpress

The Iran conflict exposes global reliance on fossil fuels, urging a critical shift to renewable energy, according to experts.

Politburo encourages public fuel conservation

VnExpress

To alleviate supply pressure that could impact production, business activities, and daily life, the Politburo encourages the public to conserve fuel.

Gasoline prices to be adjusted immediately only when increasing above 15%

VnExpress

Domestic gasoline prices will now be adjusted one day after the base price increases by 15% or more, a change from the previous 7% fluctuation threshold, according to a new government resolution.

Experts call for tax and fee reductions to combat rising fuel prices

VnExpress

Beyond spending trillions of dong from the fuel price stabilization fund, experts propose flexible tax and fee adjustments to cool down fuel prices and ease the burden on citizens and businesses.

Can surging gasoline prices drive electric vehicle demand?

VnExpress

Rising gasoline prices, fueled by Middle East tensions, are encouraging many customers to switch to electric vehicles, but it will take time for this to become a widespread trend.

Vietnam's petroleum imports surge by nearly 50% in the first half of March

VnExpress

In the first half of March, Vietnam spent nearly 492 million USD to import over 533,000 tons of various petroleum products, an increase of over 41% compared to the same period.

Gasoline prices in Japan reach record high

VnExpress

Retail gasoline prices in Japan have reached their highest level to date, as conflict in the Middle East drives global energy prices upward.

Prime minister: Fuel supply remains secured for production, consumption

VnExpress

Prime minister Pham Minh Chinh affirmed that fuel and energy supply is secured for current production and consumption, and for the coming months.

Gasoline prices in the US hit a nearly 3-year high

VnExpress

US consumers are paying an additional 0,2 USD per liter for gasoline since the outbreak of conflict in the Middle East, which has disrupted global energy supplies.

Countries impose price caps, encourage remote work amid fuel supply disruptions

VnExpress

South Korea, Hungary, and Croatia have capped domestic fuel prices, while Bangladesh closed schools and the Philippines reduced workdays for civil servants to conserve fuel.

Fuel prices may be adjusted sooner

VnExpress

If base prices increase or decrease by 7% or more, fuel prices could be adjusted one day later instead of waiting seven days as before, according to a new government resolution.

Gasoline prices increase by over 2,000 dong per liter

VnExpress

Gasoline and oil prices both increase by 1,810-7,140 dong per liter or kg from 3 PM today, following adjustments by the Ministry of Industry and Trade - Ministry of Finance.