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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Friday, July 18, 2025

Fuel prices expected to slide further

The Saigon Times

Must read

HCMC – Domestic fuel prices are expected to be revised down today, December 21.

Ministry of Industry and Trade data showed fuel prices on the Singaporean market slightly dropped on December 15, with E5 RON 92 bio-gasoline hovering around US$84 per barrel, RON 95-III gasoline falling to US$89 per barrel, and oil ranging from US$110 to US$120 per barrel.

As global oil prices are in decline, gasoline prices are expected to fall by VND300 to VND500 per liter if the ministry does not tap the fuel price stabilization fund, according to a gasoline trading company leader in HCMC.

Likewise, a representative of a fuel company supplying the northern provinces predicted E5 RON 92 gasoline would slide to below VND20,000 per liter and diesel oil to VND21,000 per liter.

The Government has agreed to reduce the environmental protection tax on fuels, applying the lowest levels as proposed by the Ministry of Finance on December 16. It also authorized the ministry to submit and explain the content of the proposal to the National Assembly’s Standing Committee.

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