Here is a petrol station in central highland province of Gia Lai. The petrol price is increased following the global petrol prices. — Photo baogialai.com

HA NOI (Biz Hub) — The retail prices of petroleum and biofuel E5 RON 92 increased by VND275 per litre to VND20,711 (US$0.95) and VND20,381 ($0.94) per litre, respectively, from 3pm yesterday.

The Ministry of Industry and Trade and Finance Ministry said the prices of other items have reduced, including diesel, by VND287 per litre; oil (VND275 per litre); and mazut (VND423 per litre).

Accordingly, diesel costs VND16,077 ($0.74) per litre; oil comes for VND20,381 ($0.94), and mazut is priced at VND12,730 ($0.58) per litre.

In addition, the two ministries also decided to keep the spending on price stabilisation fund unchanged for petrol at VND1,047 and E5 at VND882 per litre.

The ministries noted that global petrol prices were still at a high level. The average price of petroleum in the world market in the past 15 days was $82,426 a barrel; $74,970 for a diesel barrel; $74,658 per oil barrel, and $364,664 per tonne of mazut.

The latest petrol price adjustment was on June 4. The prices of petrol RON 92, biofuel E5 and mazut remained unchanged in comparison with May 20. The prices of oil and diesel reduced by VND380 and VN20 per litre, respectively. — VNS