The price of bio-fuel E5 increased by 429 VND while those of diesel 0.05S and kerosene increased slightly by 430 VND and 448 VND per litre on January 19 (Photo: VNA)

Hanoi (VNA) - The price of bio-fuel E5 increased by 429 VND while those of diesel 0.05S and kerosene increased slightly by 430 VND and 448 VND per litre, respectively in the latest regular adjustment of petrol and oil prices on January 19.

The Ministry of Industry and Trade and the Ministry of Finance announced that the prices of E5 are not higher than 18,672 VND per litre, and those of diesel 0.05S and kerosene should not be higher than 15,959 VND per litre and 14,560 VND per litre, respectively.

The changes took effect from 15:00 on January 19.

The two ministries also decided to keep using the price stabilisation fund for E5 bio-fuel at 857 VND per litre while the use of the fund for diesel was 400 VND per litre, unchanged from the previous adjustment.

The Ministries of Industry-Trade and Finance conducted a review of fuel prices every 15 days to adjust the prices in accordance with fluctuations on the world market.

The average global price of petrol products during the last 15 days to January 19 was at 76.243 USD per barrel for RON 92 and 80.214 USD for diesel.

This is the first increase of the petrol and oil prices in 2018. In 2017, petrol and oil prices were adjusted 24 times, including nine hikes and nine drops. -VNA