Hanoi (VNA) - Retail prices of petrol wererevised down on October 11 as from 4pm in the latest adjustment by the Ministry of Industryand Trade and the Ministry of Finance.
Specifically, the retail prices of E5 RON 92 and RON 95-IIIwere cut by 1,595 VND and 1,798 VND to 21,907 VND (0.9 USD) and 23,044 VND(0.94 USD) per litre, respectively.
Meanwhile, the prices of diesel, kerosene and mazut were reduced to 22,410 VND per litre, 22,464 VND per litre, and 16,238 VND per kilogram,respectively.
The ministries decided not to use the petrol and oil pricestabilisation fund.
The price adjustment is intended toensure that the fluctuation of petrol and gas prices in the country is in line with changes in prices in the world while encouraging the use of biofuel as well as minimizing negative impacts on socio-economic development, production and business activities, among others./.