Petrol prices slightly drop hinh anh 1A petrol station prepares to adjust prices (Photo: VNA)

Hanoi (VNA) – The Ministry of Industry and Trade and Ministry of Finance decreased prices of all oil and petrol products from 3:00pm on May 5.

Accordingly, the prices of RON 92 slightly dropped by 309 VND per litre to be sold no more than 17,274 VND (76 US cent) per litre.

The prices of E5 bio-petrol declined by 314 VND per litre to trade at a maximum of 17,068 VND (75 US cent) per litre while the new ceiling prices of diesel oil 0.05S and kerosene are 13,603 VND (59 US cent) per litre and 12,053 VND (53 US cent) per litre.

According to the two ministries, the average global price of RON 92 during the last 15 days to May 5 was 62,147 USD per barrel, down 4 USD from the previous adjustment.

The prices of petrol and oil are adjusted every 15 days depending on changes in the world market. - VNA