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Price of petrol and diesel down HA NOI – The retail price of petrol was slashed by
VND800 (US$4 cents) to VND21,900 ($1.1) per litre at 2pm today in
accordance with the continuous drop in world prices, the Ministry of
Finance reports.
In addition, the price of diesel and gasoline was cut by VND700 per litre to VND20,400 and Mazut by VND650 to VND18,250 per kg.
This is the third petrol price reduction of the
year after prices were raised twice in March and April at a total of up
to VND3,000 (14 cents) per litre. The first and second petrol price
reduction came to VND500 and VND600 in May.
The ministry said the reduction aims to ensure
the rights and interests of consumers, the State and enterprises. On
June 4, the import price of A92 petrol was cut to $104.91 per tank, a
reduction of $22-24 compared with one month ago, while gasoline fell by
$109.91 per tank. Prices were reported to have fallen since the end of
May.
The import tax on petrol has been increased by 4
per cent, diesel by 3 per cent, while gasoline and mazut by 5 per cent.
The ministry said the continuous reduction of the world petrol price is a
favourable condition to recover import tax while lovering domestic
retail prices.
The ministry proposed to offer VND300 per litre in support from the Price Stabilisation Fund. -- VNS Total hits:
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Last modified:
08/06/2012 10:03:06 AM | | | Recent:
 Another coal price hike in sight17/06/2013 08:33' AMThe ministries of industry-trade and finance are considering another
increase in the price of coal sold to power plants to match the coal
production cost in 2013, said Minister of Industry and Trade Vu Huy
Hoang Gold Bears Return as ETP Rout Extends to 17th Week14/06/2013 03:23' PMGold traders turned bearish for the
first time in a month as investors reduced holdings in exchange-traded
products for an unprecedented 17th consecutive week and India, the biggest buyer, announced curbs on imports. Gold ‘Triangle’ Signals Price Drop to $1,25011/06/2013 02:30' PMGold is set to drop to the lowest
level since 2010 after forming a symmetrical triangle, according
to technical analysis by Bank of America Corp. Vietnam 5-year bond yield drops most in two months; dong steady07/06/2013 02:47' PMVietnam’s five-year government bond
yield dropped the most in two months on speculation falling borrowing
costs and weak credit growth are buoying demand. The dong was little
changed. Ministry tables mineral tax hike06/06/2013 02:06' PMThe Finance Ministry is calling for comments on a proposal to raise
the tax on mining iron ore, titanium, gold, copper and several other
minerals by 3 to 10 percentage points. Gold Climbs Above $1,400 as Decline in Stocks Increases Demand05/06/2013 02:11' PMGold rebounded to trade above $1,400
an ounce as equities retreated and the dollar’s rally halted,
boosting demand for the metal as a store of value. Silver,
platinum and palladium increased. Vietnamese inflation lowest in eight months30/05/2013 02:40' PMVietnamese inflation slowed to its
weakest pace in eight months in May, official data showed on Friday, in
the latest sign that the economy is cooling. | Other News: Dong/dollar exchange rate fluctuates in short term, but stabilizes in long term07/06/2012 03:20' PMVietNamNet Bridge – The dollar sale prices quoted by commercial banks are
marching toward the 21,000 dong per dollar threshold. However, experts believe
that no heavy price fluctuations would be seen in 2012. Vietnam 2012 Growth May Be as Low as 5.2%, Official Says05/06/2012 02:24' PMVietnam’s planning ministry said that economic growth may slump to as low as 5.2 percent in 2012,
which would be the slowest pace in more than a decade. Biomass Synthetic Rubber Developed by Bridgestone, Ajinomoto04/06/2012 03:21' PM Bridgestone Corp. has announced that, together with Ajinomoto Co. Inc.,
it has developed polymerized high-cis polyisoprene (IR), a synthetic
rubber produced using bio-based isoprene, a substance produced from
biomass raw materials using fermentation technology. Gold Gains First Time in Four Days as Central Banks Buy25/05/2012 03:22' PMGold futures advanced for the first
time this week in New York as central banks increased their
holdings. New liquid vehicle technology to eliminate many problems in extrusion blow molding of polyolefins24/05/2012 03:59' PMNew liquid vehicle technology (LVT) developed by Clariant Masterbatches
appears to eliminate many of the problems that have prevented wider use
of liquid color and additive concentrates in extrusion blow molding of
polyolefins (high- and low-density polyethylene and polypropylene).
Initial testing in monolayer containers shows that these highly
compatible systems allow for higher pigment loadings and lower usage
rates, while practically eliminating past challenges related to screw
slippage. Improved resin compatibility results in stronger weld lines in
the finished container as evidenced by scores in standard burst and
compression-loading tests. New liquid vehicle technology to eliminate many problems in extrusion blow molding of polyolefins24/05/2012 03:58' PMNew liquid vehicle technology (LVT) developed by Clariant Masterbatches
appears to eliminate many of the problems that have prevented wider use
of liquid color and additive concentrates in extrusion blow molding of
polyolefins (high- and low-density polyethylene and polypropylene).
Initial testing in monolayer containers shows that these highly
compatible systems allow for higher pigment loadings and lower usage
rates, while practically eliminating past challenges related to screw
slippage. Improved resin compatibility results in stronger weld lines in
the finished container as evidenced by scores in standard burst and
compression-loading tests. Global fertilizer outlook 201224/05/2012 03:47' PMAfter a strong recovery of N and P fertilizer consumption in 2009/10,
global fertilizer demand is estimated to have increased by another 6.2%
in 2010/11 to 173.0 million metric tonnes (Mt). |
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| LONDON (ICIS)--The European polyethylene terephthalate (PET) market is in limbo as producers decide how best to
limit losses in ... |  Morning 26-12, at Tang Loong Industrial Zone, Bao Thang District, Lao Cai province, DAP No 2 Joint Stock Company - ... | |
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