The price of E5RON92 gasoline is capped at 19,281 VND (0.76 USD) per litre, down 680 VND, while RON95-III is priced at no more than 19,649 VND per litre, a decrease of 753 VND.
Fuel prices cut for third consecutive time (Photo: VNA)
Hanoi (VNA) ꧑– Domestic retail fuel prices were reduced for the third time in a row this year, following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance, effective from 3 pm on March 13.
Accordingly, the price of E5RON92 gasoline is capped at 19,281 VND (0.76 USD) per litre, down 680 VND, while RON95-III is priced at no more than 19,649 VND per litre, a decrease of 753 VND.
Diesel 0.05S now costs 17,898 per litre down 435 VND, and kerosene is sold at 18,090 VND per litre, a reduction of 483 VND.
Meanwhile, mazut 180CST 3.5S is priced at 16,995 VND per kilogram, down 155 VND.
Authorities decided not to use the petrol price stabilisation fund for this adjustment./.
The Ministry of Industry and Trade (MoIT) has proposed a new price mechanism to adjust fuel prices every 5 days instead of the current 10-day cycle, or possibly every day to finally address a number of issues that resulted in sporadic fuel shortages across the country in recent months.
According to the new pricing, E5 RON92 bio-fuel is now priced at 20,598 VND per litre, up 156 VND, while RON95-III costs 21,074 VND per litre, an increase of 146 VND.
The price of E5 RON92 bio-fuel is capped at 20,391 VND (0.81 USD) per litre, while RON95-III is set at 21,002 VND (0.83 USD) per litre in the adjustment, effective from from 3:00 pm on February 1.
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