Petrol prices rise by over VND1,000 per litre as of April 11
VOV.VN - The prices of petrol climbed more than VND1,000 per litre following the latest price review jointly conducted by the Ministry of Industry and Trade and the Ministry of Finance as of 3 p.m. on April 11.
The price of E5 RON 92 went up by VND1,091 to VND23,173 per litre, while that of RON95 rose by VND1,120 to VND24,245 per litre.
Meanwhile, diesel was traded at VND20,149 per litre, representing an increase of VND719 per litre.
The price of kerosene stood at VND19,739 per litre, up VND702 per litre, and of mazut at VND15,194 per kg, up VND765 per kg.
The ministries decided to increase expenditure for the petrol price stabilisation fund by VND150 per litre for E5 RON 92, VND300 per litre for RON 95, and the same VND300 per litre for diesel and kerosene, respectively.
So far this year, petroleum products have undergone 11 price adjustments, with 7 increases, 3 drops, and an unchanged time.
According to the two ministries, the world petroleum market from April 3 to 11 was influenced by various factors. Notably, the group of oil producing nations has announced a cut of 1.6 million barrels a day from May to support market stability.
Besides, many experts said inflationary pressure and a tight monetary policy introduced by major economies affected the global economic recovery, prompting the oil market to fluctuate strongly in recent times.
