A man buys fuel at a petrol station in Hanoi. (Photo: VNA)

Hanoi (VNA) - The prices of RON 92 petrol and bio-fuel E5 fell by 124 VND and 97 VND per litre, respectively, as from 4:55 pm on October 20.

Following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance, the prices of diesel 0.05S and kerosene dropped by 434 VND and 104 VND per litre.

Under the joint decision, RON 92 and E5 are sold at no more than 17,875 VND (0.78 USD) and 17,634 VND (0.77 USD) per litre, while the ceiling prices of diesel 0.005S and kerosene are 14,410 VND (0.63 USD) and 12,999 VND (0.57 USD) per litre.

This is the 20th adjustment of fuel prices this year, with nine falls, seven increases and two times unchanged.

The ministries said the global price of RON 92 during the last 15 days to October 20 was 66.983 USD per barrel, while that of diesel 0.05S was 68.142 USD per barrel.

They also decided to keep using the price stabilisation fund for RON 92 at 130 VND per litre, and for E5 biofuel remained at 110 VND per litre.-VNA