Petrol prices drop by over 400 VND per litre hinh anh 1Illustrative photo (Photo: VNA)
Hanoi (VNA) – The price of RON 92 decreased by 435 VND per litre from 5:00pm on July 5, according to the latest adjustment of the Ministry of Industry and Trade and the Ministry of Finance the same day.

The price of E5 bio-petrol was also cut by 431 VND per litre while that of diesel oil 0.05S and kerosene were up by 122 VND and 285 VND per litre.

Accordingly, RON 92 and E5 bio-petrol are sold at no more than 16,069 VND (0.706 USD) and 15,918 VND (0.7 USD) per litre, respectively, while the new ceiling prices of diesel oil 0.05S and kerosene are 12,957 VND (0.56 USD) and 11,665 VND (0.51 USD) per litre.

The average global price of petrol products during the last 15 days to July 5 was at 55.959 USD a barrel for RON 92, down 3.7 percent, and 57.599 USD for diesel, down 0.2 percent compared to the previous price adjustment.

The prices of petrol and oil are adjusted every 15 days by the two ministries depending on changes in the world market.-VNA