This is the third time the petrol price were kept unchanged in 2017. As a result, the current ceiling prices of RON 92 and E5 petrol are VND17,594 VND ( US$0.78) and VND17,322 (US$0.77) per litre respectively, which is VND1,000 higher than those at the beginning of 2016.
The ministries attributed the decision to keep petrol prices unchanged to the stable average global prices of RON 92 during the last 15 days to January 19.
The prices of petrol and oil are adjusted every 15 days depending on changes in the world market. In 2016, petrol price was raised 13 times with a total increase of VND6,000 VND (US$0.264) per litre, and reduced nine times with a total amount of VND4,463 VND (US$0.196) per litre