Petrol prices increase

The prices of petrol and oil increased as from 15:00 of May 23 following a joint decision of the Ministry of Finance and Ministry of Industry and Trade.

Wednesday, May 23, 2018 18:50

Illustrative photo (Photo: VNA)

Hanoi (VNA) – The prices of petrol and oil increased as from 15:00of May 23 following a joint decision of the Ministry of Finance and Ministry ofIndustry and Trade.

Specifically, the price of E5 RON92 petrol rose by 500 VND per litre, whilethat of RON95-III petrol increased by 600 VND per litre, diesel expanded by 587VND per litre and kerosene up by 523 VND per litre.

After the adjustment, the prices of E5 bio-fuel are not higher than 19,940 VNDper litre, and those of RON95-III petrol, diesel 0.05S and kerosene should notbe higher than 21,511 VND per litre, 17,694 VND per litre and 16,440 VND perlitre, respectively.

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

According to the ministries, the world petrol prices have recently surged dueto the unstable political situation in the Middle East and a decline in oilsupply from Venezuela.-VNA

VNA

#Ministry of Finance #Ministry of Industry and Trade #E5 RON92 #E5 bio-fuel #world petrol prices #unstable political situation #Vietnam #VietnamPlus #Viet Nam News

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