Hanoi (VNA) – The domestic retail price of RON 92 petrol and E5bio-fuel dropped by 76 VND and 58 VND per litre, respectively, from 15:00 onMarch 6, following a joint decision by the Ministry of Industry and Trade andthe Ministry of Finance.
This has been thefirst reduction of petrol prices for the year 2017.
With the decision,the ceiling prices of RON 92 and E5 bio-fuel are 18,022 VND and 17,760 VND perlitre, respectively.
The price of diesel 0.05S inched up 142 VND per litre, while that of paraffinoil was up by 76 VND per litre, to 14,447 VND and 12,834 VND per litre,respectively.
The average global price of RON 92 during the last 15 days to March 6 was65.677 USD per barrel, down 2 USD compared with previous price adjustment,hence the reduction in the domestic prices.
The prices of petrol and oil are adjusted every 15 days by the twoministries depending on changes in the world market. -VNA
The prices of RON 92 petrol and bio-fuel E5 remained unchanged while diesel price 0.05S increased slightly in the first regular adjustment of petrol prices in 2017 as from 4:00 pm on January 4.
The prices of RON 92 petrol and bio-fuel E5 remained unchanged while diesel price 0.05S and kerosene increased slightly in the latest regular adjustment of petrol prices on January 19.
The prices of RON 92 petrol and bio-fuel E5 remained unchanged while those of diesel oil 0.05S and kerosene decreased slightly in the latest regular adjustment of oil and petrol prices on February 3.
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Illustrative image (Source: VNA) 
