The Ministries of Industries and Trade and Finance set new caps forretail petrol prices on February 5, urging domestic dealers to enforcethem from 3pm onwards.
The authorities said in a news releasethat the maximum prices have been fixed at 15,686 VND (0.75 USD) perlitre for RON 92 gasoline and 15,183 VND (0.72 USD) per litre for 0.05Sdiesel, based on the global petrol price developments over the lastfortnight.
They also stipulated limits of 15,623 VND (0.74 USD)per litre for kerosene, 11,861 VND (0.56 USD) per kilogramme for 180CST3.5S mazut, and 15,356 VND (0.73 USD) per litre for biofuel E5 gasoline.
TheVietnam National Petroleum Group (Petrolimex) announced that it hasmade adjustments in time, slashing the price for a litre of E5 by 320VND to 15,350 VND. The prices of other products will remain unchanged,it added.
Domestically, the base price for diesel has slid 0.1percent during the last fortnight, while the base prices have risen 3.3percent for gasoline, 2 percent for kerosene and 5 percent for mazut,according to the ministries.
The base price is typically calculated, based on the import prices plus taxes, costs and profit quotas for fuel dealers.
Theauthorities have also allocated new quotas for enterprises byestablishing price stabilisation funds on February 5. Dealers must nowextract 340 VND per litre for gasoline, 520 VND per litre for keroseneand 270 VND per litre for mazut for the stabilisation reserves, or allfor 800 VND.
They are to extract 820 VND per litre for diesel, or 20 dong higher than the previous level.
Retail prices for petrol have been cut twice this year in thecontext of global oil prices experiencing continuing declines.-VNA
The authorities said in a news releasethat the maximum prices have been fixed at 15,686 VND (0.75 USD) perlitre for RON 92 gasoline and 15,183 VND (0.72 USD) per litre for 0.05Sdiesel, based on the global petrol price developments over the lastfortnight.
They also stipulated limits of 15,623 VND (0.74 USD)per litre for kerosene, 11,861 VND (0.56 USD) per kilogramme for 180CST3.5S mazut, and 15,356 VND (0.73 USD) per litre for biofuel E5 gasoline.
TheVietnam National Petroleum Group (Petrolimex) announced that it hasmade adjustments in time, slashing the price for a litre of E5 by 320VND to 15,350 VND. The prices of other products will remain unchanged,it added.
Domestically, the base price for diesel has slid 0.1percent during the last fortnight, while the base prices have risen 3.3percent for gasoline, 2 percent for kerosene and 5 percent for mazut,according to the ministries.
The base price is typically calculated, based on the import prices plus taxes, costs and profit quotas for fuel dealers.
Theauthorities have also allocated new quotas for enterprises byestablishing price stabilisation funds on February 5. Dealers must nowextract 340 VND per litre for gasoline, 520 VND per litre for keroseneand 270 VND per litre for mazut for the stabilisation reserves, or allfor 800 VND.
They are to extract 820 VND per litre for diesel, or 20 dong higher than the previous level.
Retail prices for petrol have been cut twice this year in thecontext of global oil prices experiencing continuing declines.-VNA
