HA NOI (Biz Hub) — Retail prices of RON 92 petrol and E5 bio-fuel increased by VND441 (US$0,019) and VND392 per litre, respectively, yesterday.

Following a joint decision issued by the ministries of Industry and Trade and Finance, the price of diesel 0.05S rose by VND599 per litre, while that of kerosene went up by VND520 per litre.

This was the nineth hike Vietnamin fuel prices so far this year with a total increase of nearly VND5,000 per litre.

By contrast, the prices have been dropped eight times since the beginning of the year, with the decreases amounting to about VND4,463 per litre.

Current ceiling prices of RON 92 and E5 bio-fuel are VND16,845 per litre and VND16,533 per litre, while maximum prices of diesel and paraffin are kept at VND13,023 per litre and VND11,543 per litre.

The average global price of RON 92 during the last 15 days was $59.995 a barrel, while that of diesel 0.05S was $62.338 per barrel, the ministries said. They also decided to maintain subsidies for RON 92 and E5 at VND600 and on diesel and kerosene at VND300 per litre. The subsidies are sourced by the fuel stabilisation fund. — VNS