Illustrative image (Source: VNA)
Hanoi (VNA) – The Ministry of Industry and Trade, and the Ministry of Finance have decided to increase prices of oil and petrol products from 3:00 pm on June 5.

Accordingly, the prices of RON 92 rose by 303 VND per litre, E5 bio-petrol by 283 VND per litre, diesel 0.05S by 225 VND per litre, and kerosene by 326 VND per litre.

This is the third hike in petrol prices in 2017 with a total increase of about 1,150 VND per litre.

Petrol prices have also reduced four times this year with a total decline of around 1,300 VND per litre.

The ministries said RON 92 is sold at no more than 17,366 VND per litre, while the ceiling prices of E5 bio-petrol, diesel 0.05S and kerosene are 17,154, 13,485 VND, and 12,118 VND, respectively.

The average global price of oil and petrol during the last 15 days before June 5 was 62.937 USD per barrel for RON 92 and 61.856 USD for diesel.-VNA