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Petrolimex increases oil prices

Update: July, 21/2012 - 09:24

HA NOI — The Viet Nam National Petroleum Group (Petrolimex) officially increased retail prices of petroleum products and diesel by VND400 (US$0.019) per litre and kerosene by VND300 late yesterday.

The move by Petrolimex followed a report from the Ministry of Finance showing that costs were higher than retail prices.

The price of RON 95 petrol has been raised to VND21,500 per litre; RON 92 to VND21,000 per litre; diesel to VND20,300 per litre, and kerosene to VND20,150 per litre.

This is the first time the price has gone up this year following five consecutive cuts.-VNS

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