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Vietnam cuts retail fuel prices on August 6

The maximum retail price of E5RON92 biofuel was reduced by 1,160 VND to 21,728 VND (0.83 USD) per litre, while that of E10RON95-III fell by 1,035 VND to 22,324 VND per litre.

Vietnam cuts retail fuel prices on August 6. (Photo: VNA)
Vietnam cuts retail fuel prices on August 6. (Photo: VNA)

Hanoi (VNA) – Retail prices of all major fuel products were adjusted from 3pm on August 6, lowering gasoline and fuel oil prices while raising diesel prices, according to a joint decision by the Ministry of Industry and Trade, and the Ministry of Finance.

The price stabilisation fund was also replenished during the latest pricing period.

Under the decision, the Ministry of Industry and Trade, and the Ministry of Finance set aside 200 VND per litre for biofuel into the Petroleum Price Stabilisation Fund, financed through a temporary advance from the state budget. No disbursement was made from the fund.

The maximum retail price of E5RON92 biofuel was reduced by 1,160 VND to 21,728 VND (0.83 USD) per litre, while that of E10RON95-III fell by 1,035 VND to 22,324 VND per litre.

In contrast, the price of 0.05S diesel rose by 1,080 VND to 27,544 VND per litre. The ceiling price of 180CST 3.5S fuel oil declined by 587 VND to 16,391 VND per kilogramme.

The Ministry of Industry and Trade said it will continue coordinating with relevant agencies to monitor fuel supply and inspect compliance by petroleum traders, with violations subject to strict penalties.

The two ministries will also continue monitoring global market developments and adjust domestic fuel prices accordingly, while proposing additional price stabilisation measures to the Government and the Prime Minister when necessary./.

VNA
#An ninh năng lượng #NQ 70 #Retail fuel prices #diesel prices #E5RON92 biofuel #E10RON95-III
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