Petrol prices down by 600 VND per litres after seven hikes
Retail petrol prices reduced by more than 600 VND per litre from 3pm on March 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
At a gas station in Hanoi (Photo: VNA)
Accordingly, the retail price of RON95 bio-fuel dropped by 632 VND to a maximum of 29,192 VND (1.28 USD) per litre, while that of E5RON92 was adjusted down by 655 VND to no more than 28,330 VND per litre.
This is the first decline following seven consecutive hikes of petrol prices in 2022, with total increases amounting to over 6,500 VND per litre.
The two ministries also decided to use the petrol price stabilisation fund at a rate of 200 VND per litre for E5 RON 92, and 50 VND per litre for RON 95, and 400 VND per litre for diesel.
The world petrol prices have shown a tendency to increase again over supply reduction concerns, the Ministry of Industry and Trade said./.
VNA
-
Diversify goods and agricultural products to serve the Tet market
- Quality varieties spur Vietnamese rice industry's growth: experts
- Launching 1 million hectares of high-quality, low-emission rice project
- Small but quality FDI projects invested in southeastern localities
- In 2024, Long An will change crop structure on rice land with an area of more than 8,500 hectares
- Long An 's industry on the path of recovery and development
- Businesses bullish on Q2 outlook: GSO
- Cryptocurrency is not banned in Vietnam: Ministry
- Construction starts on first railway project using RoK’s ODA
- Vietnam remains attractive destination for foreign investors
