Petrol prices down in latest adjustment, lowest in a year

Thursday, Aug 04, 2022 20:59

A gas station in Ha Noi on Monday. — VNA/VNS Photo

Retail prices of oil and petrol dropped from 3pm on October 3 following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

Accordingly, the ceiling retail price of RON95 bio-fuel decreased by VND1,140 to VND21,440 (US$0.9 ) per litre, and that of E5 RON92 slipped by VND1,050 to VND20,730 per litre, bringing the level down to that seen in September 2021.

The prices of oils also saw cuts, with that of diesel oil cut by VND330 to VND22,200 per litre, and that of kerosene down by VND760 to VND21,680 per litre. Mazut oil was priced at VND14,909 per kg, a decrease of VND560.

The two ministries also determined to extract VND451-600 per litre from petrol price for the petrol price stabilisation fund.

So far this year, petrol prices have been adjusted 26 times with 13 revisions up and 12 revisions down and one kept unchanged. The petrol prices are now at the lowest level this year. — VNS

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