Retail prices of oil and petrol were raised from 3pm on May 4 following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.
Hanoi (VNA) - Retail prices of oil and petrol were raisedfrom 3pm on May 4 following the latest adjustment by the Ministry of Industryand Trade (MoIT), and the Ministry of Finance.
Accordingly, the ceiling retail price of RON95 bio-fuel wasraised by 440 VND to 28,430 VND (1.24 USD) per litre, while that of E5 RON92increased by 330 VND to no more than 27,460 VND per litre.
At the same time, the price of diesel was cappedat 25,530 VND per litre, an increase of 180 VND. Kerosene prices remainedunchanged at 23,820 VND per litre.
According to the MoIT, gasoline demand in the second quarterwill reach about 5.2 million sq.m, with supply expected to hit some 6.7 million sq.m.
The total demand for petroleum in the domestic market thisyear is forecast at 20.6 million sq.m./.
Retail petrol prices fell by more than 1,000 VND per litre from 0:00 on April 1 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
The retail prices of oil and petrol were adjusted down starting from 3pm on April 12 following the latest adjustment by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance.
The retail prices of oil and petrol were adjusted up starting from 3pm on April 21 following the latest adjustment by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance.
The Ministry of Finance (MoF) has proposed the Government cut the most favoured nation (MFN) tariff for unleaded petrol from the current rate of 20 percent to 12 percent.
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Illustrative photo (Source: VNA) 
