Petrolimex increases oil prices

The Viet Nam National Petroleum Group (Petrolimex) officially increased retail prices of petroleum products and diesel by VND400 (US$0.019) per litre and kerosene by VND300 late yesterday.

The move by Petrolimex followed a report from the Ministry of Finance showing that costs were higher than retail prices.

The price of RON 95 petrol has been raised to VND21,500 per litre; RON 92 to VND21,000 per litre; diesel to VND20,300 per litre, and kerosene to VND20,150 per litre.

This is the first time the price has gone up this year following five consecutive cuts.

vietnamnews

>   VN to host ASEAN oil and gas seminar next year (19/07/2012)

>   Gold drops slightly (18/07/2012)

>   Low chicken prices may lead to shortages (17/07/2012)

>   Rice growers grumble over meagre profits (16/07/2012)

>   Gold shops turn into pawnshops to flout bullion ban (14/07/2012)

>   All that glitters is not gold (13/07/2012)

>   Local traders buy Indonesian coffee for export (13/07/2012)

>   Pepper exports surge 31pc in six months (13/07/2012)

>   Gold companies disguise themselves to be able to exist (13/07/2012)

>   Gold prolongs losing momentum (12/07/2012)