Petrol and oil prices fall sharply

The price of biofuel E5 RON92 fell by VNĐ577 to VNĐ19,268 per litre from January 30. Photo baodautu.vn

HÀ NỘI - The retail prices of petrol witnessed a strong reduction as from 3pm on January 30 (Thursday).

Specifically, the price of biofuel E5 RON92 fell by VNĐ577 to VNĐ19,268 per litre, and that of RON95 petrol also plunged by VNĐ791 to VNĐ20,122 per litre.

Meanwhile, the prices of diesel 0.05S and kerosene were capped at VNĐ16,136 and VNĐ15,062 per litre, down VNĐ412 and VNĐ473 per litre, respectively.

The price of fuel oil fell by VNĐ265 to VNĐ12,444 per litre.

To set these prices, the ministries of Industry and Trade and Finance have used the Price Stabilisation Fund for E5RON92 gasoline at VNĐ100 per litre, RON95 petrol and diesel oil at VNĐ500, kerosene at VNĐ400 and mazut oil at VNĐ200.

The ministries still maintained the price gap between biofuel E5RON92 and mineral gasoline RON95 to encourage the use of biofuel to protect the environment. - VNS

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