Fuel prices unchanged after nine cuts in a row hinh anh 1Fuel prices unchanged after nine cuts in a row. (Photo: VNA)

Hanoi (VNA) – The Ministry of Industry and Trade and the Ministry of Finance decided to make no change to base fuel prices on March 4, following nine cuts in a row since October 19 last year.

The two ministries announce the base fuel prices every 15 days, depending on the fluctuation of world oil and gas prices since the previous announcement.

The ministries said although the average global price of RON 92 from February 19 to March 3 was 42.314 USD per barrel, up 2 USD, while that of diesel was 40,325 USD per barrel, up 2.6 USD, the national petrol price stabilisation fund will be used to maintain petrol price at the current level.

Petrol RON 92, E5 and diesel will be subsidised 363 VND to 983 VND per litre to keep the prices of petrol RON 92 and bio-petrol E5 at 13,752 VND (0.617 USD) per litre and 13,321 VND (0.597 USD) per litre, respectively.

The ceiling prices for diesel 0.05S and kerosene are pegged at 9,580 VND (0.43 USD) per litre and 8,905 VND (0.4 USD) per litre, respectively.-VNA