Photo for illustration. (Source: VNA)

Specifically, in May, the import of the commodity saw a 12.3% increase in volume and a 49.4% rise in value compared to the same period last year.  

Statistics of the General Department of Customs showed that in the first four months of the year, the price of imported petrol and oil was estimated at USD645.5 per ton, a 19.8% year-on-year increase.

Dominating the import market, petrol and oil from the Republic of Korea made up 16.5% of the country’s total with more than 1.16 million tons, valued at USD807.06 million, a 17.2% rise in volume and 33.4% increase in value over a year earlier.

It was followed by Malaysia with 1.3 million tons, worth USD767.83 million (up 69.4% in volume and 11.4% in value) and Singapore with 914,394 tons, worth USD554.31 million./.