Petrol prices down slightly, those of oil unchanged
Petrol prices decreased slightly, while those of oil remained unchanged after the latest adjustment of the Ministry of Industry and Trade and the Ministry of Finance on October 22.
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Specifically, prices of bio-fuel E5 petrol dropped by VND224 per litre, and RON95 by VND144 a litre. Those of diesel 0.05S, kerosene and mazut were kept unchanged compared with the previous adjustment.
The prices of E5 are not higher than VND20,682 per litre, RON95 not higher than VND22,203 per litre, and diesel 0.05S not higher than VND18,611 per litre.
The ceiling prices of kerosene and mazut are capped at VND17,086 per litre and VND15,694 a litre, respectively.
From July 7 to September 9, petrol prices were kept unchanged, while those of oil were adjusted slightly.
However, after that, the prices of petrol rose two times with a combined increase of nearly VND1,300 per litre.
The petrol price stabilisation fund has been used constantly over the past time to mitigate the impacts of global rising commercial oil and petrol prices and contribute to curbing inflation.
The two ministries review fuel prices every 15 days to adjust the prices in accordance with fluctuations on the world market.
