Petrol prices rise to all time-high
VOV.VN - The retail prices of petrol and oil continued to witness an increase as of 3 p.m. on February 21 following the latest price review jointly conducted by both the Ministry of Industry and Trade and the Ministry of Finance.
This marks the fifth consecutive hike in petrol prices and is the fourth increase in 2022.
The latest review sees the price of E5RON92 biofuel go up by VND961 to a maximum of VND25,531 per litre, while the price of RON95-III edged up slightly by VND965 to VND26,285 per litre.
Elsewhere, the prices of diesel 0.05S and kerosene were capped at VND20,800 per litre and VND19,500 per litre.
Furthermore, Mazut 180CST 3.5S is to be sold at no more than VND17,930 per kilogram.
Moreover, the two ministries also decided to use VND250 per litre from the petrol price stabilisation fund for E5RON92, with VND400 per litre being used for diesel. In addition, that of mazut is VND300 per kilogram.
Both the Ministry of Industry and Trade and the Ministry of Finance are now in the process of reviewing and adjusting domestic petrol and oil retail prices every 10 days on a par with global market fluctuations.
