Policy, Tax & Regulations

Indian refiners ask government to revert to regulating gasoline prices

India’s state-owned refiners have asked the government to once again regulate the price of gasoline. In June 2010, the government decided to deregulate gasoline …

Vietnam cracks down on filling stations caught hoarding fuel

Vietnam’s Ministry of Industry and Trade (MoIT) confirmed that several filling stations in Ho Chi Minh City, Hanoi, Da Nang, Hue and Dak Lak …

Malaysia seeks ways to help palm oil smallholders

Malaysia said it is looking for ways to assist palm oil smallholders to weather the new lower tax structure imposed by Indonesia, which has …

China to limit energy consumption by 2015

The Deputy Director of China’s National Energy Administration (NEA), Wu Yin, said that the country will limit energy consumption to 4.1 billion tons of …

Vietnam allows hike in retail prices of petroleum products

The price of RON 92 gasoline was allowed to increase on March 7 by VND 2,100 (US$0.10) per liter to VND22,900 (US$1.10). The price …

Indonesia proposes to raise spending on fuel subsidy

The Indonesian government has proposed to raise spending on fuel subsidy by 11.1%, from Rp123.6 trillion (US$13.57 million) to Rp137.4 trillion (US$15.09 billion), in …

Indonesian Parliament gives government green light to boost subsidized fuel prices

Indonesia’s parliament has given the government the authority to raise the prices of subsidized fuel under specific conditions. Analysts say the move could boost …

Majority of Indonesia’s fuel subsidy goes to the middle class and rich

Indonesia’s Coordinating Minister for Economic Affairs, Hatta Rajasa, said that almost 70 % of the Rp158 trillion (US$17.39 million) in fuel subsidy has gone …

Indonesian government to control use of subsidized fuels

The Indonesian government announced that it will proceed with plans to control the use of subsidized fuels this year. During a parliamentary meeting, Director …

Vietnam partially lifts sanctions on Vinalines

Vietnam’s Ministry of Industry and Trade has partially lifted the oil product import quota it had imposed on Vietnam National Shipping Lines (Vinalines). The …