The two ministries review fuel prices every 15 days to adjust the prices in accordance with fluctuations on the world market.
The ceiling price for E5 Ron92 and Ron95-III are maintained at VND19,611 per litre and VND21,177 per litre, respectively. Meanwhile that for diesel oil 0.05S stands at VND17,455 per litre, down VND5 per litre.
The prices of kerosene and fuel oil (FO) 180CTS 3.5S are not more than VND16,243 per litre and VND14,756 per litre, up VND189 and VND319 per litre, respectively.
The global price for RON92, which is the base for the production of E5 petrol, stood at US$80.935 per barrel in the 15-day period prior to July 7.
RON95 was sold at US$82.761 per barrel, diesel 0.05S US$86.297 per barrel, kerosene US$87.370 per barrel, and FO 180CST 3.5S US$459.223 per tonne.
The petrol price stabilisation fund has been used constantly and at a high level over the past time, particularly for petrol products, to mitigate the impacts of global rising commercial oil and petrol prices and contribute to curbing inflation.
This time, subsidies for E5 RON92 are VND922 per litre (previously VND870 per litre) and VND161 per litre for RON95 (previously VND198 per litre).