Vietnam’s biggest fuel wholesaler sees profits eaten up by loss-making Singapore subsidiary
Petrolimex has reported VND9 billion (US$414,000) in post-tax losses in 2014, mostly due to its loss-making subsidiary in Singapore
Gasoline price in Vietnam surges 6%, second rise in May
The ministries of finance and trade-industry have given the green light to the second gasoline price hike this month with a six percent rise, bringing the retail gasoline price to VND20,100-21,030 per liter
Ministry asks fuel wholesalers to keep fuel price stable
It is the second time the ministry said no to a fuel price hike after local fuel wholesalers sought for an increase earlier this month
Fuel price hike takes consumers by surprise
As the Prime Minister asked state management agencies to maintain price stability for the coming New Year and Lunar New Year holidays in a regular government meeting on December 2, 2013
Vietnam’s gasoline price cheaper than 109 countries: Assoc
The retail gasoline price in Vietnam in August was more expensive than that in 32 countries, many of which are oil-producing nation, said Vietnam Petroleum Association, citing a report from mytravelcost.com
Petimex’s boss arrested for $6mln worth petroleum smuggling
According to initial reports, Mr. Dung has earned some $6 million from the smuggling of nearly 6,000 tons of assorted oil since 2012
Fuel wholesalers cry wolf again
It is a normal move when they want to hike the retail prices ‘to cover losses’
Public utility prices – public enemies
Local people in big cities like Hanoi and Ho Chi Minh City could be seen rushing to the closest gas stations to fill up their gas tanks like there’s no tomorrow, as gasoline prices were poised to reach a height at 8:00 pm on Friday last week