The retail prices of petroleum and biofuel E5 RON 92 increased by 275 VND per litre to 20,711 VND (0.95 USD) and 20,381 VND (0.94 USD) per litre, respectively, from 3pmon June 19.

The Ministry of Industry and Trade and Finance Ministry said the prices of other items have reduced, including diesel, by 287 VND per litre; oil – 275 VND per litre; and mazut - 423 VND per litre.

Accordingly, diesel costs 16,077 VND (0.74 USD) per litre; oil comes for 20,381 VND (0.94 USD), and mazut is priced at 12,730 VND (0.58 USD) per litre.

In addition, the two ministries also decided to keep the spending on price stabilisation fund unchanged for petrol at 1,047 VND and E5 at 882 VND per litre.

The ministries noted that global petrol prices were still at a high level. The average price of petroleum in the world market in the past 15 days was 82.4 USD a barrel; 74.9 USD for a diesel barrel; 74.6 USD per oil barrel, and 364.6 USD per tonne of mazut.

The latest petrol price adjustment was on June 4. The prices of petrol RON 92, biofuel E5 and mazut remained unchanged in comparison with May 20. The prices of oil and diesel reduced by 380 VND and 20 VND per litre, respectively.-VNA