Business

Retail petrol prices up in latest adjustment

The retail prices of petrol were revised upward on January 16 following the latest adjustment by the Ministries of Industry and Trade, and Finance.

The retail prices of petrol increase on January 16 afternoon. (Photo: VNA)
The retail prices of petrol increase on January 16 afternoon. (Photo: VNA)

Hanoi (VNA) - The retail prices of petrol were revised upward on January 16 following the latest adjustment by the Ministries of Industry and Trade, and Finance.

Specifically, the price of E5RON95 bio-fuel was priced at up to 21,220 VND (0.84 USD) per litre, representing a 201 VND increase from the previous baseline, while RON92-III rose to 20,750 VND per litre, up 319 VND.

Diesel 0.05S and kerosene were capped at 19,782 VND and 19,706 VND per litre, up 539 VND and 462 VND, respectively.

Meanwhile, mazut oil 180CST 3.5S was priced at 17,181 VND per kilogramme as the highest, up 999 VND.The two ministries decided not to use the petrol price stabilisation fund for this adjustment.

On the global market, oil prices have been steadily increasing in recent days. WTI crude oil is priced at 76.63 USD per barrel, while Brent crude is at 80.11 USD per barrel. The rise is driven by concerns among investors about potential supply disruptions due to sanctions on Russian oil tankers./.

VNA
#retail prices of petrol #petrol prices #bio-fuel #oil prices #Ministry of Industry and Trade
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