The retail prices of oil and petrol will be kept unchanged for the next 15 days, the ministries of Finance and Industry and Trade announced on January 31 (Photo: VNA)Hanoi (VNA) – The retail prices of oil and petrol will be kept unchangedfor the next 15 days, the ministries of Finance and Industry and Tradeannounced on January 31.
Thetwo ministries reviewed fuel prices every 15 days to keep domestic prices upwith swings in the global market.
Accordingly,the retail price of bio-fuel E5 RON 92 will not be higher than 16,272 VND (0.7USD) per litre, and that of RON 95 not more than 17,603 VND (0.76 USD).
Theceiling prices of diesel and kerosene will be maintained at 14,909 VND and 14,185VND per litre, respectively.
Meanwhile, the cost of ethanol E100 which isused to produce E5 petrol stood at 15,458 VND per litre before tax.
The two ministries decided to maintain thepetrol prices to support production of domestic firms and control inflationprior to 2019 Lunar New Year.
This time, subsidies for E5 RON92 are 1,673 VNDper litre (previously 1,462 VND per litre), 825 VND per litre for RON95(previously 645 VND per litre), as well as 1,003 VND per litre for diesel (previously430 VND per litre).
Thefalling trend in petrol price stopped after six consecutive downwardadjustments. At this level, the petrol price is still 2,500 VND lower than theprice at the beginning of 2018.
The average global price of petrol productsduring the last 15 days to January 31 was at 59.674 USD per barrel for RON 92and 82.368 USD for diesel.-VNA
Thetwo ministries reviewed fuel prices every 15 days to keep domestic prices upwith swings in the global market.
Accordingly,the retail price of bio-fuel E5 RON 92 will not be higher than 16,272 VND (0.7USD) per litre, and that of RON 95 not more than 17,603 VND (0.76 USD).
Theceiling prices of diesel and kerosene will be maintained at 14,909 VND and 14,185VND per litre, respectively.
Meanwhile, the cost of ethanol E100 which isused to produce E5 petrol stood at 15,458 VND per litre before tax.
The two ministries decided to maintain thepetrol prices to support production of domestic firms and control inflationprior to 2019 Lunar New Year.
This time, subsidies for E5 RON92 are 1,673 VNDper litre (previously 1,462 VND per litre), 825 VND per litre for RON95(previously 645 VND per litre), as well as 1,003 VND per litre for diesel (previously430 VND per litre).
Thefalling trend in petrol price stopped after six consecutive downwardadjustments. At this level, the petrol price is still 2,500 VND lower than theprice at the beginning of 2018.
The average global price of petrol productsduring the last 15 days to January 31 was at 59.674 USD per barrel for RON 92and 82.368 USD for diesel.-VNA
VNA
