Petrol prices continue to drop
The Vietnam National Petroleum Group (Petrolimex) on January 1 announced decreases in petrol prices following a decision jointly issued by the Ministry of Industry and Trade and the Ministry of Finance.
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Accordingly, RON 95-IV price falls to VND17,750 per litre from VND18,290 per litre, while the price of RON 95-III is down to VND17,600 per litre from VND18,140 per litre.
Meanwhile, the price of E5 fuel RON 92 drops slightly from VND16,780 per litre to VND16,270 per litre. Those of diesel oil and kerosene are now VND15,050 per litre and VND14,180 per litre, respectively.
According to the Petrolimex, its petrol price stabilisation fund as of January 1 was VND1.91 trillion (US$82.6 million), up VND230 billion compared to the latest petrol price adjustment on December 21, 2018.
This is the 97th time that the firm has adjusted its petrol price since 2014.
