Petrol prices slightly drop after recent hike

The retail prices of petrol were reduced as from 3pm on October 16, following a hike earlier this month.

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Motorcyclists buy petrol at a gas station of Petrolimex

Specifically, the price of E5 RON92 was down 310 VND to 19,470 VND (0.84 USD) per litre at the highest, and that of RON95-III also fell by 271 VND to 20,795 VND per litre.

Meanwhile, the prices of diesel 0.05S and kerosene were capped at 16,223 VND and 15,258 VND per litre, dropping 415 VND and 528 VND per litre, respectively. Mazut 180CST 3.5S is sold at no more than 12,816 VND per kilogramme, down 2,103 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 declined in the 15-day period before the latest price review, attributed to this time's reduction.

VNA