Motorcyclists wait for their vehicles to be filled (Photo: VNA)

Hanoi (VNA)
– The price of RON 92 declined by 862 VND per litre to 16,504 VND (0.72 USD) from 3:00pm on June 20 as decided by the Ministry of Industry and Trade and the Ministry of Finance.

The price of E5 bio-petrol was also cut by 805 VND per litre, diesel 0.05S by 650 VND per litre, and kerosene by 738 VND per litre.

Therefore, the ceiling prices of E5 bio-petrol, diesel 0.05S and kerosene are 16,349 VND (0.71 USD), 12,835 VND (0.56 USD) and 11,380 VND (0.5 USD), respectively.

[Lower food prices pull CPI down in May]

Petrol prices have been reduced six times with a total decline of 2,162 VND per litre so far this year. Meanwhile, there were three hikes with increase of about 1,150 VND per litre. 


The average global price of petrol products during the last 15 days to June 20 was at 58,117 USD per barrel for RON 92 and 57,736 USD for diesel.

The prices of petrol and oil are adjusted every 15 days by the two ministries depending on changes in the world market. - VNA