Illustrative photo (Photo: VNA)

Hanoi (VNA)
– The prices of oil and petrol are kept unchanged after the latest regular review by the ministries of Industry and Trade and Finance on March 8.

The Ministry of Industry and Trade, and the Ministry of Finance review fuel prices every 15 days to adjust the prices in accordance with fluctuations on the world market.

The ceiling price for E5 bio-petrol will be maintained at 18,340 VND per litre, and that for diesel oil 0.05S at 15,716 VND per litre, for kerosene at 14,560 VND per litre.

The two ministries said the prices for RON 92 petrol, which is the base for producing E5 petrol, saw little change in the 15-day period prior to March 8.

Meanwhile, the cost of ethanol E100 which is used to produce E5 petrol has gone up by almost 1,200 VND per litre compared to one year ago.

In the previous adjustment on February 21, the price of RON 95 petrol declined by 400 VND per litre, the first reduction in petrol prices in 2018. It was also the first time the ceiling price of RON 95 petrol had been announced as consumers no longer have access to RON 92 petrol since January 2018.-VNA