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.
The retail prices of petrol have continued to see a steep fall from 3pm on November 21, following the latest adjustments by the Ministry of Finance and the Ministry of Industry and Trade.
The retail prices of petrol fell sharply from 3pm on November 6 following the latest adjustments by the Ministry of Finance and the Ministry of Industry and Trade.
The retail price of bio-fuel E5 increased by 320 VND per litre, while that of RON 92 rose 293 VND per litre from 3pm on September 21 due to rising global prices.
The prices of oil and petrol were kept unchanged following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance on July 7.
Prices of oil and petrol slightly dropped by 300 VND per litre following the latest adjustment of the Ministry of Industry and Trade and the Ministry of Finance on June 22.
The prices of oil and petrol are kept unchanged after the latest regular review by the Ministry of Industry and Trade and the Ministry of Finance on March 23.
The price of RON 95 petrol declined by 400 VND per litre from 15:00 on February 21 as decided by the Ministry of Industry and Trade and the Ministry of Finance.
The price of bio-fuel E5 increased by 429 VND while those of diesel 0.05S and kerosene increased slightly by 430 VND and 448 VND per litre, respectively in the latest regular adjustment of petrol and oil prices on January 19.
The national fuel price stabilisation fund had over 3.97 trillion VND (180.4 million USD) as of December 31, 2015, according to the Finance Ministry on February 2.
The Ministry of Transport has instructed relevant agencies to closely monitor fees charged by carriers to ensure the decrease in fuel prices is factored in.
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