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PVOIL not concerned by electric vehicles and policies restricting gasoline cars

VnExpress

The company, which owns a network of 1,000 gas stations, states it views the impact of electric vehicles and policies restricting gasoline cars in city centers as an opportunity to boost new revenue streams.

Proposal to reduce preferential import tax on petroleum to 0% until 30/6

VnExpress

The Ministry of Finance proposes extending the reduction of petroleum import tax for two additional months, until 30/6, and adding three items to the preferential list.

Minister of industry and trade: domestic petroleum reserves increased to 26 days

VnExpress

Minister of industry and trade Le Manh Hung stated the agency implemented five groups of solutions to ensure energy security, including raising petroleum reserves to 26 days.

Prime minister: no economic instability or crisis in any situation

VnExpress

Prime Minister Le Minh Hung stated the government will not allow economic instability or crisis to occur in any situation and has contingency solutions to respond to fluctuations.

Ministry of Industry and Trade proposes selling E10 gasoline nationwide from 30/4

VnExpress

The Ministry of Industry and Trade proposes that from 30/4, unleaded gasoline must be blended and formulated into E10 gasoline for use in all types of vehicles nationwide.

Proposal to add kerosene, fuel oil to value-added tax and environmental protection tax reduction list

VnExpress

The Ministry of Finance proposes a plan to reduce value-added tax and environmental protection tax on kerosene and fuel oil to 0, similar to gasoline, diesel, and jet fuel.

Prime minister surveys proposed site for national petroleum reserve

VnExpress

Prime Minister Pham Minh Chinh surveyed the proposed site for a strategic petroleum reserve in the Nghi Son economic zone, Thanh Hoa, emphasizing the urgent need to bolster Vietnam's energy security.

Prime minister calls for early construction of strategic petroleum reserve at Nghi Son

VnExpress

The prime minister urged an increase in energy self-sufficiency and the immediate construction of a strategic petroleum reserve in Nghi Son, Thanh Hoa province.

Leading oil and gas transportation company reduces profit target

VnExpress

PVTrans, a company holding 100% of the domestic crude oil and LPG transportation market share, sets its profit target for this year at 1,200 billion VND, a decrease.

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.

Prime minister: accelerate national petroleum reserve replenishment

VnExpress

The prime minister requested the Ministry of Industry and Trade and the Ministry of Finance to coordinate with relevant agencies to accelerate the replenishment and refine the mechanism for releasing national petroleum reserves.

TP HCM supervises gas stations 24/7 to prevent 'hoarding, profiteering'

VnExpress

Market management forces in TP HCM are on duty 24/7 at gas stations to monitor supply, as sales volume at many points increased by 130-200%.

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.