Asia Headlines

Vietnam: Car Fires Caused by Sub-Standard Fuel, Says Report

A string of vehicle fires in Ho Chi Minh City have been caused by poor quality fuel, according to the local Tuoi Tre newspaper. The report cited investigation results from regional authorities in the city, which included testing by the Refinery and Petrochemical Technology Research Center and HCM City University of Technology.


Malaysia: Chevron Looking for Investors for Caltex Stations

Chevron Malaysia is seeking investors to back the construction of 100 new Caltex service stations in the country. Chevron, which plans to build the stations between now and 2015, says it wants the investors to establish ownership and operate the sites. The oil company says it has identified suitable sites on the country's west coast; these include the Klang Valley, Penang, Prai, Butterworth, Malacca and Baru. 


India: Retailers Call for Deal to End Price Hike Threat

Public sector oil retailers have asked the government to either put forward a plan that includes less excise duty on fuel, or to declare petrol a regulated product in the same way as diesel, LPG or kerosene, to avoid a price increase. Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum decided to call for the measure after conducting a routine evaluation of fuel prices. 

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