The retail prices of petrol were reduced as from 3pm on February 29 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance, making it the fourth consecutive reduction since the beginning of 2020.
Hanoi (VNA) – The retail prices of petrol were reduced as from 3pmon February 29 following the latest adjustment by the Ministry of Industry andTrade and the Ministry of Finance, making it the fourth consecutive reduction since the beginning of 2020.
Specifically,the price of biofuel E5 RON92 was down by 157 VND to 18,346 VND (0.79 USD) perlitre at the highest, and that of RON95-III also fell by 253 VND to 19,127 VNDper litre.
Meanwhile,the prices of diesel 0.05S and kerosene were 14,785 VND per litre and 13,676VND per litre, down 390 VND and 278 VND per litre, respectively.
Mazut 180CST3.5S is sold at no more than 11,754 VND per kilogramme, down 102 VND perkilogramme.
TheMinistries of Industry and Trade, and Finance review fuel prices every 15 days toadjust domestic prices in accordance with fluctuations in the global market.
Thedecreases in fuel prices are expected to contribute to reducing difficultiesfacing people and businesses in the context of the outbreak of the coronavirusdisease (COVID-19)./.
The retail prices of petrol were slightly reduced starting 3.30pm on January 15, in the latest review by the ministries of Industry and Trade, and Finance.
The retail prices of petrol were reduced as from 3pm on January 30 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
The retail prices of petrol were strongly reduced starting 3pm on February 14 in the latest review, the third decrease since the beginning of the year.
The February consumer price index (CPI) slipped 0.17 percent from the previous month due to falling demand for goods after Lunar New Year (Tet) holiday, falling petrol prices, and the coronavirus disease 2019 (COVID-19) outbreak, according to the General Statistics Office (GSO).
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Illustrative image (Photo: VNA) 
