Petrol price experiences fifth hike hinh anh 1At a petrol station (Source: VNA)

Hanoi (VNA) - The domestic retail price of RON 92 petrol increased by 319 VND to 18,111 VND (79 cents) per litre, as of 3pm on September 20.

The increase was made according to the latest decision of the ministries of industry and trade and finance. It is the fifth straight rise of RON 92 petrol from July 20, with a total rise value of 2,040 VND per litre.

The price of E5 bio-fuel also rose by 297 VND to 17,836 VND per litre. The prices of diesel and kerosene were up by 491 VND and 568 VND per litre, standing at 14,441 VND and 13,115 VND, respectively.

The Ministry of Industry and Trade and the Ministry of Finance also decided to keep using the price stabilisation fund for RON92 petrol at 110 VND per litre. The use of the fund for E5 biofuel remained at 90 VND per litre.

Meanwhile, the use of the fund for diesel and kerosene was 180 VND and 110 VND, per litre.

From the beginning of this year, the petrol retail price faced 18 adjustments, including seven decreases and eight hikes. -VNA