Illustrative image (Source: VNA)

Hanoi (VNA) – The price of petrol is kept unchanged on the latest regular adjustment of petrol and oil prices on August 28.

The Ministry of Industry and Trade and the Ministry of Finance co-review fuel prices every 15 days to adjust the prices in accordance with fluctuations on the world market.

According to a joint announcement of the two ministries on August 22, the ceiling prices for E5 RON92 and RON95-III are maintained at 19,611 VND per litre and 21,177 VND per litre, respectively.

Meanwhile, the ceiling price for diesel oil 0.05S stands at 17,686 VND per litre, up 148 VND per litre; for kerosene, 16,263 VND per litre, down 116 VND per litre; and FO oil, 14,743 VND per litre, down 270 VND per litre.

The global price for RON92, which is the base for the production of E5 petrol, stood at 81.785 USD per barrel in the 15-day period prior to August 22, up 0.234 USD.

RON95 was sold at 84.332 USD per barrel, up 0.77 USD. The price of diesel 0.05S also went up to 86.297 USD per barrel, while those of kerosene and FO 180CST 3.5S dropped, prompting the two ministries’ adjustment.

The petrol price stabilisation fund has been used constantly over the past time to mitigate the impacts of rising global prices and contribute to curbing inflation.

This time, subsidies for E5 RON92 are 1,272 VND per litre (previously 1,194 VND per litre) and 697 VND per litre for RON95 (previously 554 VND per litre). The price of FO oil receives no subsidy.-VNA