The Ministry of Industry and Trade and Finance Ministry revised petrol prices up on Thursday, marking the third time they had made price adjustments after using the price stabilisation fund.
The retail price of biofuel E5 RON 92 fell by VND394 to trade at a maximum of VND16,787 (US$0.72) per litre at 3pm today, the Ministries of Industry and Trade and Finance announced.
The retail price of biofuel E5 RON 92 fell sharply by VND1,446 to a maximum of VND17,181 (US$0.73) per litre by 3pm on Thursday, the ministries of Industry and Trade and Finance announced.
The retail price of biofuel E5 RON 92 fell by VND224 to a maximum of VND20,682 (US$0.88) per litre at 3pm on Monday, the ministries of Industry and Trade and Finance announced.
The petrol retail price saw its highest surge so far this year on Saturday, raising concerns over unpredictable impacts to the economy and the possible increase of goods prices during the upcoming Tet (Lunar New Year) Holiday, experts said.
The retail price of biofuel E5 RON 92 fell by VND329 to trade at a maximum of VND19,611 (US$0.85) per litre at 3pm today, the Ministries of Industry and Trade and Finance announced.
The domestic retail price of petroleum increased by VND319 to reach VND18,111 (US cents) per litre on Wednesday, the Ministry of Industry and Trade (MoIT) said.
Domestic retail price of petroleum increased by VND306 to reach VNĐ17,792 (79 US cents) per litre as of 3pm on Tuesday, the Ministry of Industry and Trade (MoIT) said.
The domestic retail price of petroleum increased by VND304 to reach VND16,675 (74 US cents) per litre as of 7pm today, the Ministry of Industry and Trade (MoIT) said.
The national retail petrol prices have been slashed by VND2,058
(US$0.09) per litre from 3pm on December 22, the Viet Nam National
Petroleum Group (Petrolimex) said.
The Viet Nam National Petroleum Group (Petrolimex) reduced the selling
price of its RON 92 gasoline by VND470 (2.23 US cents) per litre to VND23,740
($1.13) per litre from midday Friday.
The Ministry of Finance allowed distributors to increase stabilisation
fund usage for the country''s popular gasoline RON 92 and mazut from 8pm
on June 12.