Business

Petrol prices fall in latest adjustment

The Ministry of Industry and Trade have announced reductions in retail fuel prices, effective from 3:00 pm on May 5.

Illustrative photo (Photo: VNA)
Illustrative photo (Photo: VNA)

Hanoi (VNA) – The Ministry of Industry and Trade have announced reductions in retail fuel prices, effective from 3:00 pm on May 5.

Accordingly, E5 RON92 petrol has been capped at 19,154 VND (0.74 USD) per litre, down 84 VND, while RON95-III petrol now costs 19,586 VND per litre, a decrease of 52 VND compared to that of the previous adjustment.

The price of diesel 0.05S has been reduced by 165 VND to 17,359 VND per litre, and that of kerosene dropped by 151 VND to 17,564 VND per litre. Mazut saw a decrease of 326 VND, now priced at 16,198 VND per kilogram.

There have been 18 adjustments of fuel prices since the beginning of this year.

Specifically, RON95-III petrol has experienced nine price hikes and nine cuts. Diesel oil has increased eight times, decreased nine times, and remained unchanged once.

In this adjustment, the authorities opted not to use the petrol and oil price stabilisation fund for any of the fuel categories./.

VNA
#petrol prices #Ministry of Industry and Trade #price stabilisation fund
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