Business

Petrol prices rise in latest review

Retail petrol prices rose sharply from 3pm on June 12 - the third hike in the past month - following the latest review by the Ministry of Industry and Trade and the Ministry of Finance.
Petrol prices rise in latest review ảnh 1Motorcyclists wait to have their vehicles refilled at a Petrolimex gas station (Photo: VNA)

Hanoi (VNA) - Retail petrol prices rose sharply from 3pm on June 12 - thethird hike in the past month - following the latest review by the Ministry ofIndustry and Trade and the Ministry of Finance.

The twoministries review fuel prices every 15 days to ensure domestic prices are in keepingwith the global market.

The priceof E5 RON92 biofuel increased by 988 VND to a maximum of 13,390 VND (0.57 USD)per litre and RON95-III by 955 VND to no more than 14,080 VND per litre.

Diesel0.05S and kerosene, meanwhile, now sell at no more than 11,515 VND and 9,610VND per litre, up 766 VND and 853 VND per litre, respectively.

The priceof Mazut 180CST 3.5S is now no more than 10,322 VND per kg, an increase of 830VND per kg.

Accordingto the two ministries, the prices of petrol and oil in the global market havebeen on the rise on the back of increasing demand as countries have begun resumingproduction and business activities.

Theministries also decided to use 800 VND per litre from the petrol price stabilisationfund for E5 RON92, 500 VND per litre for RON95, and 200 VND per kilo for mazut./.
VNA
#petrol prices #Ministry of Industry and Trade #Ministry of Finance #E5 RON92 #biofuel #diesel #kerosene #petrol price stabilisation fund #updated Vietnam news #Vietnamplus #Vietnam News Agency
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