Petrol prices remain stable in latest review

The prices of oil and petrol are kept unchanged after the latest regular review by the Ministry of Industry and Trade and the Ministry of Finance on March 23 (Photo: VNA)

The ceiling prices of E5 are not higher than 18,340 VND per litre, and those of diesel 0.05S and kerosene should not be higher than 15,716 VND per litre and 14,560 VND per litre, respectively.

Meanwhile, the two ministries also decided to maintain the price stabilisation fund for E5 bio-fuel at 669 VND per litre while the use of the fund for diesel was 177 VND per litre.

The average global price of petrol products during the last 15 days to March 23 was at 73.253 USD per barrel for RON 92 and 77.066 USD for diesel.

The cost of ethanol E100 which is used to produce E5 petrol has gone up by almost 1,200 VND per litre compared to one year ago.

The ministries of Industry and Trade and Finance review fuel prices every 15 days to adjust the prices in accordance with fluctuations on the world market./.

VNA