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Petrol prices up slightly, diesel price dips

E5 RON92 petrol was capped at 19,464 VND (0.74 USD) per litre, up 110 VND; and RON95-III rose 208 VND to 20,092 VND per liter.

Illustrative photo (Photo: VNA)
Illustrative photo (Photo: VNA)

Hanoi 21 (VNA) - Vietnam slightly raised retail petrol prices while cutting diesel rates from 3pm on August 21, as the Ministry of Industry and Trade (MIT) and Ministry of Finance rolled out their latest adjustment to keep pace with global markets.

Accordingly, E5 RON92 petrol was capped at 19,464 VND (0.74 USD) per litre, up 110 VND; and RON95-III rose 208 VND to 20,092 VND per liter. Meanwhile, Diesel 0.05S fell 172 VND to 17,905 VND per litre, kerosene dropped 206 VND to 17,814 VND per liter, and mazut 180CST 3.5S declined 152 VND to 15,116 VND per kg.

Since January, the domestic fuel prices have seen 35 adjustments. RON95 petrol has spiked 19 times and dipped 16 times, while diesel has been up 16 times, down 18, and flat once.

The ministries opted not to tap or add to the nation’s fuel price stabilisation fund this time, sticking to a market-based pricing mechanism under state oversight.

The MIT vowed to continue working with other agencies to monitor fuel supply closely and crack down on any pricing or supply violations./.

VNA
#Ministry of Industry and Trade #domestic fuel prices Vietnam
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