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Tag: petrol
The Petrol category covers refining, distribution, and market trends in the fuel industry. It explores pricing dynamics, fuel subsidies, government policies, and supply chain disruptions, providing insights into domestic demand, imports, and global energy markets.
Vietnam’s refined petroleum production rises in January but lags behind year-on-year levels
Vietnam’s refined petroleum production increased by 165.2 percent in January compared to the 2019 baseline, according to Vietnam’s Industrial Production Index. This was an improvement from December 2024, when output was 154.8 percent above 2019 levels.
Vietnam’s petroleum products exports rise by 17.19 percent in December
Vietnam’s petroleum products exports total US$1.93 billion for 2024…
Vietnam Petroleum Industry 2025: Consumption, Trade & Key Players
Vietnam’s petroleum industry is a cornerstone of the national economy, playing a critical role in energy security, industrial development, and export revenue. The sector spans the entire value chain, from exploration and production to refining, distribution, and export.
Vietnam’s gasoline and oil production estimated to reach 17.13 million tons in 2024
In November 2024, the country produced 1.30 million tons of gasoline and oil, maintaining a steady output despite slight fluctuations in December.
Vietnam’s petroleum product imports surge by 48.16 percent in December
Singapore emerged as the leading supplier in December, with exports to Vietnam doubling to US$369.66 million, a 100.00 percent increase. South Korea followed, exporting US$206.84 million, a 26.70 percent rise from the previous month. Imports from Malaysia also showed significant growth, climbing 48.53 percent to US$105.69 million.
Vietnam’s refined petroleum production sees annual growth despite challenges
Year-on-year, the sector declined by 5.7 percent in December compared to December 2023. However, cumulative production for the full year of 2024 grew by 12.9 percent compared to 2023, highlighting strong overall annual growth despite monthly fluctuations.
Vietnam’s petroleum product exports down 15.1 percent in November
Cambodia emerged as the top importer, accounting for US$23.77 million in November, an increase of 23.01 percent month-on-month.
Vietnam’s petroleum product exports surge in October, year-to-date figures show steady growth
Year-to-date performance also reflects positive growth. From January to October, Vietnam exported 1.99 million tonnes of petroleum products, valued at US$1.61 billion. This marks an 8.6 percent increase in volume and a 3.7 percent rise in value compared to the same period in 2023.