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import petroleum
Updated news related to petroleum imports
Vietnam spends nearly 9 billion USD importing gasoline in 2022
Last year's imported petroleum volume reached nearly 8.9 million tons, equivalent to 9 billion USD, an increase of nearly 4.9 billion USD compared to the previous year.
Economy
Minister of Industry and Trade: Synchronously inspect 33 key enterprises importing gasoline and oil
(Baonghean.vn) - The Ministry of Industry and Trade has conducted a comprehensive inspection of 33 enterprises with the function of importing gasoline and oil. The spirit is that if any key enterprises are found not performing their functions and duties properly according to regulations, they will definitely be handled according to the provisions of the law, and the highest form is to suspend business and revoke licenses.
Why are oil prices negative but gasoline prices in Vietnam still high?
(Baonghean.vn) - Oil prices, or gasoline prices in Vietnam, are not affected by the US WTI oil price, but are still based on the Brent oil price. On April 21, Brent oil prices on the market were still trading at over 25 USD/barrel. On the other hand, gasoline prices imported to Vietnam also include many costs.
Proposal to fine 50 million VND for arbitrarily adjusting retail gasoline prices
The Ministry of Industry and Trade proposes a fine of 30 - 50 million VND for the following acts: Arbitrarily adjusting retail prices of gasoline and oil at times other than those prescribed by the wholesaler or distributor; selling at a higher price than the listed price prescribed by the wholesaler or distributor.
Is the import tax on gasoline causing disadvantages to consumers?
The fact that the Ministry of Finance is applying import tax to calculate the base price for petroleum products is not in accordance with legal regulations.
Ministry of Finance explains about price and import tax of gasoline and oil
(Baonghean) - The Ministry of Finance has just issued a notice on domestic selling prices and import tax on gasoline. Accordingly, the Ministry of Finance has answered questions raised by public opinion surrounding this issue.
Ministry of Finance: 'Importing gasoline and oil profits more than 2 billion USD thanks to price reduction'
The leader of the Ministry of Finance affirmed that there is a scenario in case crude oil prices drop to 30 USD per barrel, while the budget revenue is now much less dependent on this source than 5-10 years ago.
Six key petroleum import enterprises to be inspected soon
May 25, 2012 10:24
From late May to early July 2012, inspection teams of the Ministry of Finance will conduct inspections and examinations of 6 enterprises...
Reduce import tax on gasoline
February 21, 2012 18:21
From today (February 21), the Ministry of Finance allows import tax exemption for gasoline; diesel oil is reduced from 5% to...
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