Business

Petrol prices slightly drop after recent hike

The retail prices of petrol were reduced as from 3pm on October 16, following a hike earlier this month.
Petrol prices slightly drop after recent hike ảnh 1Motorcyclists buy petrol at a gas station of Petrolimex (Photo: VNA)
Hanoi (VNA) - The retail pricesof petrol were reduced as from 3pm on October 16, following a hike earlier thismonth.

Specifically, the price of E5 RON92 wasdown 310 VND to 19,470 VND (0.84 USD) per litre at the highest, and that of RON95-III alsofell by 271 VND to 20,795 VND per litre.

Meanwhile, the prices of diesel 0.05S andkerosene were capped at 16,223 VND and 15,258 VND per litre, dropping 415 VNDand 528 VND per litre, respectively. Mazut 180CST 3.5S is sold at no more than12,816 VND per kilogramme, down 2,103 VND per kg.

The Ministry of Industry and Trade and theMinistry of Finance review fuel prices every 15 days to adjust domestic pricesin accordance with fluctuations in the global market.

According to the two ministries, the average prices of petrol and oil in the world market declined in the 15-dayperiod before the latest price review, attributed to this time's reduction./.
VNA
#petrol prices #E5 RON92 #RON95-III #diesel 0.05S #kerosene #Ministry of Industry and Trade #Ministry of Finance #vietnamplus #Vietnam News Agency
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