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.
Hanoi (VNA) – The retailprices of petrol were strongly reduced starting 3pm on February 14 in thelatest review, the third decrease since the beginning of the year.
The Ministries of Industry and Trade, andFinance review fuel prices every 15 days to adjust domestic prices inaccordance with fluctuations in the global market.
Price of E5RON92 dropped by 765 VND perlitre to 18,503 VND (0.80 USD) per litre at the highest, while that ofRON95-III was adjusted down by 742 VND per litre to 19,380 VND per litre.
The prices of diesel 0.05S and kerosenewere capped at 15,175 VND and 13,954 VND per litre, dropping 961 VND and 1,108VND per litre, respectively.
Meanwhile, mazut 180CST is sold at no morethan 11,652 VND per kg, down 792 VND per kg.
The two ministries are flexibly using thepetrol price stabilisation fund as a tool to ensure domestic petrol pricesreflect global trend and curb inflation in the face of the acute respiratorydisease caused by a new strain of coronavirus (COVID-19).
They decided to subsidise 100 VND and 600VND per litre for E5RON92, RON95, and 700 VND for diesel and kerosene, and 200VND per kg for mazut./.
The retail prices of petrol and oil slightly increased from 15:00 on December 31, following the latest price review by the ministries of Industry and Trade, and Finance.
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Illustrative image (Photo: VNA) 
