Petrol prices adjusted up after four consecutive reductions
The retail prices of petrol have been adjusted up as from 18:00 on October 1.
The retail prices of petrol were increased as from 18:00 on October 1 after four consecutive reductions (Photo: VNA)
The retail prices of petrol have been adjusted up as from 18:00 on October 1.The Ministry of Industry and Trade and the Ministry of Finance review fuel prices every 15 days to adjust domestic prices in accordance with fluctuations in the global market.
Specifically, the price of E5 RON92 was up 666 VND to 19,780 VND per litre at the highest, and the price of RON95-III also rose by 923 VND to 21,066 VND per litre.
Meanwhile, the prices of diesel 0.05S and kerosene are capped at 16,638 VND and 15,786 VND per litre, up 438 VND and 424 VND per litre, respectively. Mazut 180CST 3.5S is sold at no more than 14,919 VND per kilogram, up 829 VND per kg.
This is the first increase after four consecutive times the petrol prices had been reduced since July 17. According to the two ministries, the average prices of petrol and oil in the world market had saw strong increases in the 15-day period before the latest price review.