Retail petrol and oil prices rise on November 28 price adjustment cycle
VOV.VN - The Ministry of Industry and Trade and the Ministry jointly decided to raise retail prices of both petrol and oil in the domestic market during its November 28 price adjustment cycle.
According to the latest regulation, a litre of RON-95-III, the commonly used petrol in Vietnam, now costs VND20,857, up VND329 compared to the November 21 adjustment cycle.
The price of E5RON92 petrol does not exceed VND19,840 per liter, an increase of VND497 from the current base price.
Meanwhile, the retail prices of Diesel 0.05S and kerosene also go up by VND268 and VND221 per litre to VND18,777 and VND19,142 per liter, respectively. A kilogram of Mazut 180CST 3.5S now costs VND16,125, an increase of VND111.
For this price adjustment cycle, both ministries decided not to use the Petroleum Price Stabilization Fund for any of the fuel products.
Globally, the oil market in the past week was influenced by factors such as the ceasefire agreement between Israel and Hezbollah, an increase in US oil reserves, OPEC+’s ongoing discussions to delay plans for increasing oil production, and the ongoing military conflict between Russia and Ukraine.
These factors caused fluctuations in global oil prices, with some products experiencing price increases.
