Hanoi (VNA)ꦓ – The Ministry of Industry and Trade and the Ministry of Finance have announced an increase in retail fuel prices, effective from 3:00 pm on March 27.
Petrol and diesel prices have been raised, while fuel oil has seen a slight decrease.
Under the new pricing structure, E5 RON92 and RON95-III have increased by 337 VND to a maximum of 20,032 VND (0.78 USD) and 20,424 VND per litre, respectively.
Diesel 0.05S has risen by 324 VND to 18,217 VND per litre, while kerosene is now priced at 18,524 VND per litre, up 406 VND.
In contrast, fuel oil 180CST 3.5S has dropped by 53 VND to 16,902 VND per kg.
For this adjustment, authorities have not used the petrol price stabilisation fund./.
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) 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.
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