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Petrol prices continue to scale up in latest review

The retail prices of oil and petrol rose sharply from 3 pm on April 17 following adjustments made by the ministries of finance and industry and trade.
Petrol prices continue to scale up in latest review ảnh 1Motorcyclists line up to buy petrol at a station of Petrolimex (Photo: VNA)
Hanoi (VNA) – The retail prices of oil and petrol rose sharply from 3pm on April 17 following adjustments made by the ministries of finance andindustry and trade.

Thetwo ministries review fuel prices every 15 days to adjust domestic prices inaccordance with swings in the global market.

Accordingly, the retail price ofbio-fuel E5 RON 92 has been raised to a maximum level of 19,703 VND (0.85 USD)per litre, up 1,115 VND (0.048 USD) per litre; while that of RON95-III wasraised to the ceiling price of 21,235 VND (0.92 USD), rising 1,202 VND (0.052 USD)per litre.

Meanwhile, the ceiling prices of diesel 0.05S and kerosene edged up 297 VND (0.0127USD) and 291 VND (0.0125 USD) per litre to 17,384 VND (0.75 USD) and 16,262 VND(0.7 USD) per litre, respectively. Mazut 180CST 3.5S will be be sold at no morethan 15,617 VND (0.67 USD), up 407 VND (0.017 USD) per kg.

This is the second time since the Tet holiday that petrolprices have been strongly altered after the price stabilisation fund had to beused several times to keep prices steady.

The two ministries decided to lower subsidies from the petrol pricestabilisation fund. Accordingly, subsidies for E5 RON 92 and RON95-III were cutto 1,456 VND (0.06 USD) and 743 VND (0.03 USD) per litre from 2,042 VND (0.08 USD)and 1,304 VND (0.056 USD) in the previous adjustment. The subsidy for mazut waslowered to zero from 362 VND (0.016 USD) per kg in the last adjustment. –VNA
VNA
#retail prices of oil and petrol #fuel prices #E5 RON 92 #price stabilisation fund #vietnamplus #Vietnam News Agency

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