Petrol prices rise by over VND400 per litre in latest adjustment
VOV.VN - The retail prices of oil and petrol recorded an increase of more than VND400 as of 3 p.m. on November 1, following the latest price adjustments made by both the Ministry of Industry and Trade and the Ministry of Finance.
The changes see the price of E5RON92 gasoline increase by VND380 to VND21,870 per litre and that of RON95 bio fuel rise by VND410 to reach VND22,750 per litre.
This marks the third consecutive time that domestic petrol prices have increased after experiencing four recent reductions.
The ceiling prices of diesel oil, kerosene, and mazut are therefore to be capped at VND25,070 per litre, VND23,780 per litre, and VND13,890 per kilo, respectively.
As part of the adjustment period, the two ministries also decided to extract VND200 to VND300 VND per litre from the petrol price stabilisation fund.
This year has seen petrol prices undergo 29 price adjustments, with 16 increases and 12 drops, whilst one time prices remained unchanged.
Currently, the price of E5 RON 92 and RON 95 is hovering around VND21,800 and VND22,700 per litre, the lowest level since the beginning of the year and equivalent to the end of October, 2021.
