Petrol prices decrease slightly in latest adjustment
The Ministry of Industry and Trade, and the Ministry of Finance have decided to reduce the retail sale prices of petrol products from 3pm on October 24.
Hanoi (VNA) - The Ministry of Industry and Trade, and the Ministry of Finance have decided to reduce the retail sale prices of petrol products from 3pm on October 24.
Accordingly, the price of E5RON92 bio-fuel was cut by 38 VND to 19,692 VND (0.78 USD) per litre, while that of RON95-III fell by 68 VND to 20,894 VND per litre.
Meanwhile, the price of diesel 0.05S dropped by 264 VND to 18,057 VND per litre and kerosene is now priced at 18,570 VND per litre, down 57 VND. Mazut oil 180CST 3.5S is sold at 16,229 VND per kg, a rise of 139 VND.
The two ministries decided not to use the petrꦜol price stabilisation fund in this adjustment./.
The Ministry of Industry and Trade (MoIT) will send a proposal to the government on whether it is necessary to maintain the petrol price stabilisation fund in June.
The Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) announced the adjustment of petrol prices to be over 850 VND higher per litre at 3pm on July 12.
Authorities want to maintain the petrol price stabilisation fund as a tool to keep retail prices stable and give them the ability to intervene in the market when necessary.
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