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Ensuring flexibility in curbing rising petrol prices and settling bad debts of credit institutions were scrutinised by National Assembly deputies on June 1 at a debate on the implementation of socio-economic development plans and the state budget in 2021 and in the first months of 2022 during the legislature's ongoing third session.
Increases in petrol prices, and those of food, food stuff, restaurant food and public transport services during the Lunar New Year led to a rise of 1 percent in the consumer price index (CPI) in February compared to that of the previous month, the General Statistics Office (GSO) announced on February 28.
The retail prices of oil and petrol increased as of 15:00 on May 12 following the latest adjustments made by the Ministry of Finance, and the Ministry of Industry and Trade.
The price of bio-fuel E5 was kept unchanged while those of diesel 0.05S and kerosene increased slightly by 360 VND and 495 VND per litre respectively in the latest regular adjustment of petrol and oil prices on January 4.
The retail price of RON92 petrol, the most common type of fuel in Vietnam, has been cut by a further VND600 per litre, the third straight time within a month.
