Illustrative photo (Source: VNA)

Hanoi (VNA) – The prices of RON 92 petrol and bio-fuel E5 were raised 702 VND (0.31 USD) and 611 VND 0.27 USD) per litre from 3:00 pm on September 5.

Following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance, the prices of diesel 0.05S and kerosene also increased 474 VND and 489 VND per litre, respectively.

It was the second fuel price hike after four consecutive falls in recent times, with a total increase of nearly 1,400 VND (0.63 USD) per litre.

Under the joint decision, RON 92 and E5 are sold at no more than 16,076 VND (0.72 USD) and 15,836 VND (0.71 USD) per litre, while the ceiling prices of diesel and kerosene are 12,388 VND (0.55 USD) and 10,985 VND (0.49 USD) per litre.

The two ministries also decided to keep retailers’ contribution to the Petroleum Price Stabilisation Fund unchanged and give them a subsidy of 300 VND per litre for RON 92 and E5 from the fund.-VNA