A Petrolimex gas station in Ha Noi. Petrolimex said its fund was at VND840 billion so far. — VNA/VNS Photo

Fuel prices were slashed by over VND1,000 per litre across the board on September 12.

RON 95-III decreased by VND1,015 to VND23,215 per litre. E5 RON92 followed suit with a fall of VND1,128, to hit VND22,231 per litre. Diesel fell by VND1,008 to VND24,180 per litre.

A drop of VND1,027 was observed in Kerosene prices, which were adjusted down to VND24,418 per litre. Mazut, likewise, went down to VND15,039 per kilo after an adjustment of VND1,038.

The authorities set aside VND451 for every litre of E5 RON92, VND450 for RON95, VND90 for Diesel, VND741 for Mazut and none for Kerosene to finance the Fuel Price Stabilisation Fund.

The authorities also announced that the funds were not used to stabilise fuel prices this time. Petrolimex said its fund was at VND840 billion so far.

Under Decree 95, fuel prices are adjusted periodically three times per month, on the first, eleventh and twenty-first day. — VNS