Vietnam Airlines to Cut Flights Amid Jet Fuel Shortage

Vietnam Airlines announced plans to suspend nearly two dozen domestic flights weekly beginning April 1, affecting a total of 23 flights per week. This decision is a response to limited jet fuel supplies caused by ongoing conflicts in the Middle East, which have led to a rise in jet fuel prices.

The airline's operations will temporarily halt on several routes, although major domestic and international flights will continue. The conflict, which began three weeks ago, has raised concerns about fuel shortages.

In response to the situation, Vietnam has sought fuel support from several countries, including Qatar, Kuwait, Algeria, and Japan, and has signed agreements with Russia for oil and gas products. The price of 95 octane petrol has surged by 50 percent, while diesel has increased by 70 percent.

To mitigate the impact of rising costs, Vietnam's finance ministry has proposed reducing environmental protection taxes on gasoline, diesel, and aviation fuel.