Petrol prices continue to decrease

Monday, May 22, 2017 07:00

The Ministry of Industry and Trade and the Ministry of Finance on Saturday decided to reduce retail selling petrol prices. — Photo

Prices of oil and petrol products continued to decrease from 3pm on Saturday, following the latest price adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

The prices of RON 92 gasoline slightly dropped by VND211 per litre, while that of E5 bio-petrol and diesel oil declined by VND197 and VND343 per litre, respectively.

Following a joint decision by the ministries, RON 92 and E5 bio-petrol will be sold at a maximum price of VND17,063 (US$0.75) and VND16,871 per litre, respectively.

Meanwhile, the new ceiling prices of diesel 0.05S and kerosene are VND13,260 ($0.58) and VND11,792 ($0.52) per litre.

The average global price of RON 92 during the last 15 days until May 20 was $61,084 per barrel, down $1 compared with the previous price adjustment.

The prices of petrol and oil are adjusted every 15 days by the two ministries depending on the changes in the world market. — VNS

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