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Fuel prices gain over 700 VND per litre

06/09/2016

The prices of RON 92 petrol and bio-fuel E5 were raised 702 VND (0.31 USD) and 611 VND 0.27 USD) per liter from 3:00 pm on September 5.
(Photo for illustration)

Following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance, the prices of diesel 0.05S and kerosene also increased 474 VND and 489 VND per litre, respectively.

It was the second fuel price hike after four consecutive falls in recent times, with a total increase of nearly 1,400 VND (0.63 USD) per liter.

Under the joint decision, RON 92 and E5 are sold at no more than 16,076 VND (0.72 USD) and 15,836 VND (0.71 USD) per liter, while the ceiling prices of diesel and kerosene are 12,388 VND (0.55 USD) and 10,985 VND (0.49 USD) per liter.

The two ministries also decided to keep retailers’ contribution to the Petroleum Price Stabilization Fund unchanged and give them a subsidy of 300 VND per liter for RON 92 and E5 from the fund.

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