Customers have their bikes and trucks fuelled at a PV Oil station in Hà Nội. — Photo Vietnamplus

The retail prices of petrol fell sharply from 3pm on December 14 under the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

The price of biofuel E5 RON92 was capped at VNĐ20,512 (US$0.85) per litre, falling VNĐ778, while that of RON95-III was revised down by VNĐ917 per litre to no more than VNĐ21,405.

Meanwhile, oil prices were also adjusted down, with diesel oil being sold at the highest of VNĐ19,010 per litre and kerosene priced at VNĐ19,964 per litre, down VNĐ711 and VNĐ958, respectively. Mazut oil price fell by VNĐ540 to no more than VNĐ14,978 per kilogramme.

In this price adjustment, the two ministries decided to use the petrol price stabilisation fund for mazut oil.

Since the outset of the year, petrol prices have undergone 36 adjustments, with 18 times up, 14 down, and four unchanged. — VNS