Illustrative image (Source: VNA)

 

Hanoi (VNA) – The retail prices of oil and petrol will be kept unchanged for the next 15 days, the ministries of Finance and Industry and Trade announced on January 16.

The two ministries reviewed fuel prices every 15 days to keep domestic prices up with swings in the global market.

Accordingly, the retail price of bio-fuel E5 RON 92 will not be higher than 16,272 VND (0.7 USD) per litre, and that of RON 95 not more than 17,603 VND (0.76 USD).

The ceiling prices of diesel and kerosene will be maintained at 14,909 VND and 14,185 VND per litre, respectively. The price of mazut is capped at 13,275 VND per kilo.

With this announcement, the falling trend in petrol price has stopped after six consecutive downward adjustments. At this level, the petrol price is still 2,500 VND lower than the price at the beginning of 2018.

According to the Ministry of Industry and Trade (MoIT), global oil and petrol prices have risen by more than 9 percent during the 15 days before January 16.-VNA