The retail prices of oil and petrol were adjusted down from 3 pm on June 1 following a decision made by the ministries of finance and industry and trade.
Hanoi (VNA) – The retailprices of oil and petrol were adjusted down from 3 pm on June 1 following adecision made by the ministries of finance and industry and trade.
The two ministries review fuel prices every 15 days to adjustdomestic prices in accordance with swings in the global market.
Accordingly,the retail price of bio-fuel E5 RON 92 has been reduced by 269 VND per litre toa maximum level of 20,219 VND (0.87 USD) per litre; while the ceiling price ofRON95-III was cut by 380 VND per litre to 21,219VND (0.91 USD).
Meanwhile, the ceiling prices of diesel 0.05S and kerosene droppedby 220 VND and 197 VND per litre to 17,394 VND (0.75 USD) and 16,225 VND (0.7USD) per litre, respectively. Mazut 180CST 3.5S will be sold at no more than15,354 VND (0.66 USD), down 182 VND per kg.-VNA
The Ministry of Industry and Trade and Finance Ministry revised up petrol prices on May 2, marking the third time they had made price adjustments after using the price stabilisation fund.
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Illustrative image (Photo: VNA) 
