Petrol prices drop in latest review

The retail prices of petrol were reduced as from 3pm on October 31, the second downward revision this month.

petrol prices drop in latest review hinh 0
A filling station of Petrolimex

Specifically, the price of E5 RON92 was down 218 VND to 19,252 VND (0.83 USD) per litre at the highest, and that of RON95-III also fell by 350 VND to 20,445 VND per litre.

Meanwhile, the prices of diesel 0.05S and kerosene were capped at 16,057 VND and 15,137 VND per litre, dropping 166 VND and 121 VND per litre, respectively. Mazut 180CST 3.5S is sold at no more than 12,517 VND per kilogramme, down 299 VND per kg.

The Ministry of Industry and Trade and the Ministry of Finance review fuel prices every 15 days to adjust domestic prices in accordance with fluctuations in the global market.

According to the two ministries, the average prices of petrol and oil in the world market followed a declining trend in the 15-day period before the latest price review, leading to this time's reduction.

VNA