Petrol prices drop over 1,000 VND per litre in latest review

The retail prices of oil and petrol were revised down starting from 3 pm on December 10 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Friday, December 10, 2021 16:40

Petrol prices drop over 1,000 VND per litre in latest review ảnh 1

A motorcyclist purchases petrol at a gas station (Photo: VNA)

Hanoi (VNA) – The retail prices of oil andpetrol were revised down starting from 3 pm on December 10 following the latestadjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Accordingly, the retail price of E5RON92 bio-fuel decreased 1,101VND to a maximum of 22,082 VND per litre (around 1 USD) while that of RON95-IIIwas also down 835 VND to 23,801 VND per litre, down for the second consecutive time.

The prices saw the strongest drop this time since late March2020, after hikes throughout three months in a row to a record high in seven years.

In the past year, petrol prices posted 18 hikes and fivedeclines.

Diesel 0.05S and kerosene are now sold at 17,334 VND and 16,322VND per litre, respectively, also down strongly.

Meanwhile, the price of Mazut 180CST was adjusted down to 15,745VND per kilo.

The petrol price stabilisation fund has been used constantlyover the past time to mitigate the impacts of global rising commercial oil andpetrol prices and contribute to curbing inflation.

The two ministries review fuel prices every 15 days toadjust the prices in accordance with fluctuations on the world market./.

VNA

#oil and petrol #retail prices #E5RON92 bio-fuel #petrol price stabilisation fund #vietnamplus #vietnam news agency

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