Illustrative image (Source: VNA)

Hanoi (VNA)
– Prices of oil and petrol slightly dropped by 300 VND per litre following the latest adjustment of the Ministry of Industry and Trade and the Ministry of Finance on June 22.

After the adjustment, prices of E5 RON92 decrease by 329 VND per litre, and kerosene 386 VND per litre.

The prices of E5 RON92 are not higher than 19,611 VND per litre, RON95-III not higher than 21,177 VND per litre, and diesel 0.05S not higher than 17,460 VND per litre.

Prices of kerosene and mazut 180CST 3.5S should not be higher than 16,054 VND and 14,437 VND per litre respectively.

The global prices for RON92, which is the base for the production of E5 petrol, stood at 81,252 USD per barrel in the 15-day period prior to June 22.

RON95 was sold at 83,293 USD per barrel, diesel 0.05S 86,823 USD per barrel, kerosene 86,768 USD per barrel, and mazut 180CST 3.5S 444,901 USD per tonne.

The petrol price stabilisation fund has been used constantly over the past time and at high level, particularly for petrol products, to mitigate the impacts of global rising commercial oil and petrol prices and contribute to curbing inflation.

This time, subsidies for E5 RON 92 is 870 VND per litre (previously 1,270 VND per litre) and RON 95 is 198 VND per litre (previously 698 VND per litre).

The two ministries decided to end subsidies on diesel and kerosene.-VNA