Petrol price experiences fifth hike

The domestic retail price of RON 92 petrol increased by VND319 to VND18,111 (79 cents) per litre, as of 3pm on September 20.

petrol price experiences fifth hike hinh 0

The increase was made according to the latest decision of the ministries of industry and trade and finance. It is the fifth straight rise of RON 92 petrol from July 20, with a total rise value of VND2,040 per litre.

The price of E5 bio-fuel also rose by VND297 to VND17,836 per litre. The prices of diesel and kerosene were up by VND491 and VND568 per litre, standing at VND14,441 and VND13,115, respectively. 

The Ministry of Industry and Trade and the Ministry of Finance also decided to keep using the price stabilisation fund for RON92 petrol at VND110 per litre. 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.


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