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Local petrol prices slump by VNĐ400 per litre

Update: July, 06/2017 - 11:00
A customer buys petrol at a station in Hà Nội. — VNA/VNS Photo Đức Duy
Viet Nam News

HÀ NỘI — The domestic retail prices of RON 92 petrol and bio-fuel E5 dropped VNĐ435 and VNĐ431 per litre, from 5pm on Wednesday.

Prices of diesel 0.05S, kerosene and mazut, meanwhile, rose by VNĐ122, VNĐ285 and VNĐ110  per litre, respectively, following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance.

Under the joint decision by the ministries, RON 92 and E5 petrol is sold at a maximum prices of VNĐ16,069 (71 US cents) and VNĐ15,918 VND (70 US cents) per litre respectively, while the new ceiling price of diesel 0.05S and kerosene are VNĐ12,957 (57 US cents) and VNĐ11,665 (51 US cents) per litre. The new price of mazut is VNĐ10,776 (47 US cents).

The average global price of RON 92 during the last 15 days until July 5 was nearly $55.96 per barrel, down $2.16 compared with the previous price adjustment.

The prices of petrol and oil are adjusted every 15 days by the two ministries depending on the changes in the world market. — VNS

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