According to the announcement by the Ministry of Finance and the Ministry of Industry and Trade, RON 95, the most commonly used petrol in the country, dropped by VND410/l to VND19,170/l as of 3PM on May 8.

Meanwhile, biofuel E5 RON 92 went down by VND380/l, bringing the maximum retail price of the petrol to VND18,770/l.

Prices for oil products were also revised down, with diesel falling by VND550/l to VND16,800/l, kerosene by VND620/l to VND16,940/l, and mazut (fuel oil) by VND660/kg to VND15,530/kg.

The two ministries confirmed that no deductions or disbursements were made from the national petrol price stabilisation fund during this adjustment.

This is the second time in a week that retail petrol prices have decreased to a four-year low.

On May 5, RON 95 and E5RON92 dropped VND52 and VND84 respectively to VND19,586/l and VNDVND19,154/l.

Similarly, diesel, kerosene and mazut also went down to VND17,359/l, VND17,564/l, and VND16,198/kg.

So far this year, RON 95 has experienced 9 increases and 10 decreases, while diesel has seen 8 increases, 10 reductions, and one unchanged.

Petrol prices climb again, RON95 tops VND19,600 per litre

VOV.VN - The retail prices of petrol were adjusted upward from 3 p.m. on April 24 by the Ministry of Industry and Trade and the Ministry of Finance.