Some domestic petrol dealers on Jan. 14 increased prices by 300-450 VND per litre for petrol and oil products due to an increase on the world market.

The Vietnam National Petroleum Corporation (Petrolimex) surged by 450 VND per litre to 16,400 VND for A92 petrol, and by 300 VND per litre to 15,500 VND for kerosene, to 14,900 VND for diesel oil and 13,500 VND for fuel oil.

Petrolimex Deputy General Director Vuong Thai Dung said this increase was under Decree 84/2009/ ND-CP on trading petrol and oil products effective from December 15, 2009, and followed an increase of petrol and oil products on the world market in the last 30 days.

This was the first increase in petrol prices this year, he said, adding in recent days, prices jumped sharply on the Singapore market which is a major supplier for the domestic market.

Saigon Petrol Co Ltd and Military Petrochemical Joint Stock Company also increased their prices by 300-450 VND per litre from Jan. 14 to the same rate as Petrolimex./.