Petrol prices stable, oil prices slightly increase
09:56 | 05/01/2018

VGP -  The price of bio-fuel E5 was kept unchanged while those of diesel 0.05S and kerosene increased slightly by VND360 and VND495 per litre respectively in the latest regular adjustment of petrol and oil prices since 3:00 PM on January 4.

The Ministry of Finance and the Ministry of Industry and Trade jointly made the decision on price of petrol and oil.

The two ministries will raise the use of the price stabilization fund.

That the prices of E5 are not higher than VND18,243 per litre, and those of diesel 0.05S and kerosene should not be higher than VND15,529 per litre and VND14,112 per litre respectively.

This is the first time the petrol and oil prices were adjusted in 2018. 

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

In 2017, petrol and oil prices were adjusted 24 times, including nine hikes and nine drops.

                                                                                                                                                By Vien Nhu

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