Illustrative image (Photo: VNA) 
 
Hanoi (VNA) – The Ministry of Industry and Trade and Finance Ministry revised up petrol prices on May 2, marking the third time they had made price adjustments after using the price stabilisation fund.

Accordingly, retail price of bio-fuel E5 RON 92 will rise by 985 VND per litre to below 20,688 VND (0.89 USD) while that of diesel will hike by 311 VND per litre to a maximum level of 17,695 VND.

The ceiling prices of kerosene and mazut were capped at 16,625 VND and 16,002 VND per kg, respectively.

Two weeks before May 2, world petrol prices also went up from 2.2 percent to 3.22 percent.

The ministries decided to keep the fund’s expenditure for existing petrol products unchanged.-VNA