Petrol prices experience fifth hike

VGP – The Ministries of Industry and Trade and Finance decided to raise petrol prices from 3:00 PM on September 20.

September 20, 2017 5:17 PM GMT+7

Accordingly, retail price of RON 92 petrol increased by VND 319 to VND 18,111 (79 cents) per litre,

It is the fifth straight rise of RON 92 petrol from July 20, with a total rise value of VND2,040 per litre.

Other types of oil were the price of E5 bio-fuel also rose by VND297 to VND17,836 per litre. The prices of diesel and kerosene were up by VND 491 and VND 568 per litre, standing at VND14,441 andVND13,115, respectively.

In addition, they decided to keep using the pricestabilisation fund for RON92 petrol at VND110 perlitre. The use of the fund for E5 biofuel remained at VND90 per litre.

Meanwhile, the use of the fund for diesel and kerosene was VND180 and VND110, per litre.

From the beginning of this year, the petrol retail price faced 18 adjustments, including seven decreases and eight hikes.

By Vien Nhu