The retail prices of RON 92 petrol and E5 bio-fuel remained unchanged at VNĐ18,580 (81 US cents) and VNĐ18,243 per litre, respectively, at 3pm on Tuesday after continuous increases in recent months.
The balance of the petrol price stabilisation fund surged to more than VNĐ5.22 trillion (some US$ 230 million) at the end of the third quarter of 2017, the Ministry of Finance reported on Monday.
Calculation of petroleum import tax based on weighted average of the tariffs along with locally produced petrol from Dung Quất Oil Refinery would benefit consumers, Vũ Thị Mai, deputy minister of finance, said.
The ministries of industry and trade and finance decided to raise retail petrol prices as of 3pm on Thursday.
The ministries of industry and trade and finance on Saturday raised retail petrol prices for the first time in 2017.
The retail prices of RON 92 petrol and E5 bio-fuel remained unchanged at VND14,940 and VND14,442 per litre, respectively, at 4pm on April 20.