A customer buys petrol in Ha Noi. Retail prices of petrol decreased significantly from 3pm of Sunday, making it the fifth consecutive reduction since the beginning of this year. — Photo vietnamnet.vn

Retail prices of petrol decreased significantly on Sunday, making it the fifth consecutive reduction since the beginning of this year.

Following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance, the price of biofuel E5 RON92 has fallen by VND2,290 to VND16,056 (US$0.69) per litre, and RON95-III is down by VND2,315 to VND16,812 per litre.

The prices of diesel 0.05S and kerosene are now VND13,035 per litre and VND11,846 per litre, down VND1,750 and VND1,830 per litre, respectively.

Mazut 180CST 3.5S now stands at no more than VND10,501 per kilogramme, down VND1,353 per kilogramme.

The two ministries review fuel prices every 15 days to adjust domestic prices in accordance with fluctuations in the global market.

They decided to subsidise VND200 per litre for E5 RON92; VND800 per litre for RON95, diesel and kerosene; and VND100 per kg for mazut. — VNS