(March 9): Vietnam will remove import tariffs on fuel and make it easier for state giant PetroVietnam to buy and sell crude and oil products, as an expanding war in the Middle East heightens energy-security worries. Vietnam’s government said on Friday that domestic supply remains “basically secured” for now, but warned that if the conflict continues into April, the “market may face more difficulties”. Meanwhile, Nghi Son Refinery and Petrochemical LLC is also running steadily, ensuring supply for major distributors under contracts that run through the end of March. Retail fuel prices have risen sharply after Vietnam hiked gasoline prices twice in three days. Diesel prices are up almost 57% from late last month.

Source: The Edge Markets March 09, 2026 05:02 UTC