Hanoi 21 (VNA)⛎ - Vietnam slightly raised retail petrol prices while cutting diesel rates from 3pm on August 21, as the Ministry of Industry and Trade (MIT) and Ministry of Finance rolled out their latest adjustment to keep pace with global markets.
Accordingly, E5 RON92 petrol was capped at 19,464 VND (0.74 USD) per litre, up 110 VND; and RON95-III rose 208 VND to 20,092 VND per liter. Meanwhile, Diesel 0.05S fell 172 VND to 17,905 VND per litre, kerosene dropped 206 VND to 17,814 VND per liter, and mazut 180CST 3.5S declined 152 VND to 15,116 VND per kg.
Since January, the domestic fuel prices have seen 35 adjustments. RON95 petrol has spiked 19 times and dipped 16 times, while diesel has been up 16 times, down 18, and flat once.
The ministries opted not to tap or add to the nation’s fuel price stabilisation fund this time, sticking to a market-based pricing mechanism under state oversight.
The MIT vowed to continue working with other agencies to monitor fuel supply closely and crack down on any pricing or supply violations./.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Domestic petrol prices increased slightly while the price of diesel reduced from 15:00 on July 31 following the latest price adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.
Effective from 3pm on July 24, the price of E5 RON92 petrol dropped by 202 VND per litre to a maximum of 19,279 VND (0.74 USD), and RON95-III petrol decreased by 216 VND to 19,709 VND per litre.
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