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Fuel prices rise second time this year

Apr 9th at 07:27
09-04-2018 07:27:29+07:00

Fuel prices rise second time this year

The prices of all kinds of fuel was increased from 3pm on Saturday by the Ministry of Finance and Ministry of Industry and Trade.

 

The price of E5 RON92 petrol rose by VND592 per litre, diesel increased by VND638 per litre and kerosene rose VND521 per litre.

After the adjustment, E5’s ceiling price is VND18,932 per litre (US$0.83), while 0.05S and kerosene should not cost more than VND16,354 per litre and VND15,081 per litre, respectively.

On the same day, Viet Nam’s biggest petroleum retailer Petrolimex set its retail price of E5 at VND18,930 per litre. Prices of RON 95-IV and RON 95-III remained unchanged at VND20,700 per litre and VND20,500 per litre, respectively.

This was the second increase in retail petrol price from the beginning of this year.

The ministries of Industry and Trade and Finance review fuel prices every 15 days to adjust the prices in accordance with fluctuations on the world market.

During the past 15 days, the world price of RON 92 petrol, used to produce E5 fuel, averaged $76.963 per barrel, up $3.7 over the level in the previous review period. The prices of diesel oil also went up $4.1 per barrel, prompting the adjustment.

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