Petrol prices increase as part of latest adjustment
VOV.VN - The retail prices of petrol were revised up as of 3 p.m. on August 21 by the Ministry of Industry and Trade, and the Ministry of Finance.
Specifically, the retail price of RON95-III rose by VND608 to reach VND24,601 per litre, whilst that of E5RON92 climbed to VND23,339, marking a rise of VND517 per litre.
Elsewhere, the price of kerosene was capped at VND22,309 per litre, thereby marking an increase of VND420 per litre. Meanwhile, the price of mazut rose by VND313 to reach VND17,981 per kilogramme.
In contrast, the price of diesel saw a decline of VND71 to reach VND22,354 per litre.
As part of the latest adjustments made by the two ministries, the decision has been taken to not extract any money for petrol and oil prices from the price stabilisation fund.
Insiders have pointed out that the petroleum market has been heavily influenced by factors such as a fall in the United States’ crude oil inventories coupled with the sharp increase recorded in China's crude oil imports.
Those factors have therefore caused global petrol and oil prices between August 11 and August 20 to fluctuate strongly, resulting in increases in Vietnam.
Since the beginning of the year, petrol prices have undergone a total of 23 adjustments, with 14 increases, six declines, and three times when they remained unchanged.
