The Ministries of Finance, and Industry and Trade decided to adjust the fuel price from 3pm on June 20, wherein price of gasoline was decreased and petroleum was continuously increased. — Photo vietnamnet.vn

HA NOI (Biz Hub) – The Ministries of Finance, and Industry and Trade decided to adjust the fuel price from 3pm on June 20, wherein price of gasoline was decreased and petroleum was continuously increased.

The price of RON 92 was decreased by VND341 per litre and biofuel E5 was reduced by VND336 per litre while diesel 0.05S was increased to VND390 per litre and petroleum was raised by VND370 per litre.

This is the fifth time gasoline prices have decreased this year and the sixth with all petroleum products.

Accordingly, RON 92 will not be higher than VND16,168 per litre (US$0.72), E5 will not exceed VND15,647 ($0.7), diesel 0.05S will remain below VND12,298 ($0.55), and petroleum will not exceed VND10,667 ($0.48).

The average petroleum product price in the world in 15 days before June 20 was $65.496 per RON 92 barrel, a decrease of $1.6 per barrel as compared to the last time, of $58.429 per 0.05S diesel barrel, which was higher than about $1 per barrel.

The MOIT and the Ministry of Finance also decided to keep the use of the price stabilisation fund for petroleum unchanged at VND639 per litre. Usage of the fund for E5 remained at VND672 per litre, while diesel was at VND595 per litre.