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Petrol prices rise slightly from 3pm on May 29

Accordingly, the maximum retail price of E5 RON92 petrol has been set at 19,196 VND (0.76 USD) per litre, up 74 VND; and that of RON95-III petrol at no more than 19,565 VND per litre, a modest increase of 33 VND.

Illustrative Image (Photo: VNA)
Illustrative Image (Photo: VNA)

Hanoi (VNA) – From 3pm on May 29, petrol prices were revised up slightly, while prices of diesel and other oil products dropped significantly following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

Accordingly, the maximum retail price of E5 RON92 petrol has been set at 19,196 VND (0.76 USD) per litre, up 74 VND; and that of RON95-III petrol at no more than 19,565 VND per litre, a modest increase of 33 VND.

In contrast, the price of diesel 0.05S dropped sharply by 269 VND to a maximum of 17,136 VND per litre. The price of kerosene fell by 206 VND to 17,108 VND per litre, and that of mazut (180CST 3.5S) decreased by 248 VND to 16,264 VND per kilogramme.

This marks the 22nd price adjustment since the beginning of the year. Of these, the price of RON95 petrol has risen 11 times and fallen 11 times. Diesel prices have increased 10 times, dropped 11 times, and remained unchanged once.

For this adjustment, the price stabilisation fund was not used for petrol, diesel, kerosene or mazut.

Retail fuel businesses and distributors are required to implement the new prices no later than 3pm on May 29./.

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