Petrol prices go up slightly

The retail prices of petrol and oil slightly increased from 15:00 on December 31, following the latest price review by the ministries of Industry and Trade, and Finance.

Tuesday, December 31, 2019 16:51

The retail prices of petrol and oil slightly increases from 15:00 on December 31. (Photo: VNA)

Hanoi (VNA) – The retail prices of petrol and oil slightlyincreased from 15:00 on December 31, following the latest price review by the ministriesof Industry and Trade, and Finance.

The two ministries review fuel prices every 15 days to adjust domestic pricesin accordance with swings in the global market.

Accordingly, the price of bio-fuel E5RON92 increased 152 VND per litre to amaximum level of 19,881 VND per litre, while the ceiling price of RON95-III wasup 104 VND to over 20,990 VND per litre.

In this review, the prices of diesel 0.05S and kerosene are capped at 16,591VND and 15,585 VND per litre, respectively. Meanwhile, Mazut 180CST 3.5S issold at no more than 11,920 VND per kilogramme.

The two ministries flexibly used the petrol price stabilisation fund as a toolto ensure domestic petrol prices reflect global trend. They decided tosubsidise 150 VND per litre for E5RON92, RON95, diesel and kerosene, whiledecreasing subsidies for mazut./.

VNA

#retail prices of petrol and oil #ministries of Industry and Trade #and Finance #bio-fuel E5RON92 #RON95-III #diesel 0.05S #kerosene #Mazut 180CST 3.5S #petrol price stabilisation fund #Vietnam News Agency #Vietnamplus

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