The National Assembly on April 9 afternoon heard a Government proposal and a appraisal report on a draft resolution introducing special tax measures for petrol, oil and aviation fuel, including environmental protection tax, value-added tax (VAT) and excise tax.

The conflict in the Middle East is pushing the global energy market into a period of intense volatility, creating what is described as the most severe energy bottleneck in history.

The increasingly complex military situation in the Middle East has disrupted supply chains, posing potential risks to global energy security, including in Viet Nam. To ensure fuel supply, authorities and businesses have proactively identified adverse impacts and are prepared to respond to all possible scenarios.

In recent days, amid concerns over rising petrol and oil prices and the possibility of supply disruptions, people in many localities rushed to purchase and stockpile fuel, causing a sudden surge in demand within a short period. However, after retail petrol and oil prices were adjusted on March 7, the stockpiling situation has eased.

Retail prices of fuel products climbed again from 23:45 on March 10, following a decision jointly issued by the Ministry of Industry and Trade and the Ministry of Finance.

Retail prices of major petroleum products rose from 15:00 on February 5, following a decision by the Ministry of Industry and Trade and the Ministry of Finance.

Viet Nam’s petrol and oil prices continued to decrease on December 18 afternoon following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

Viet Nam slightly raised retail petrol prices while cutting diesel rates from 3pm on August 21, as the Ministry of Industry and Trade (MIT) and Ministry of Finance rolled out their latest adjustment to keep pace with global markets.

The Ministry of Industry and Trade and the Ministry of Finance announced an increase in petroleum prices effective at 3 pm on June 26, marking the 26th fuel price adjustment this year.

Retail fuel prices were raised starting from 3pm on June 19, following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance.

Retail fuel prices were raised starting 3pm on June 12, following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance.

It will not be easy to keep inflation at 4.5% this year as targeted, economic expert Nguyen Bich Lam, former General Director of the General Statistics Office (GSO), has said.