The retail prices of oil and petrol increased as of 15:00 on May 12 following the latest adjustments made by the Ministry of Finance, and the Ministry of Industry and Trade.
The retail prices of oil and petrol increased as of 15:00 on May 12. (Photo: VNA)
Hanoi (VNA) – The retail prices of oil and petrol increased as of 15:00on May 12 following the latest adjustments made by the Ministry of Finance, andthe Ministry of Industry and Trade.
Accordingly, the retail price of bio-fuel E5 RON 92 was raised to a maximum of18,426 VND (0.8 USD) per litre, up 438 VND, and that of RON 95-III was set at nomore than 19,531 VND per litre, up 446 VND.
Meanwhile, the ceiling prices of diesel 0.05S and kerosene were adjusted up 446VND and 566 VND to 14,774 VND and 13,825 VND, respectively.
The ministries decided to increase subsidies for petrol prices by 400 VND –1,900 VND per litre.
The two ministries review fuel prices every 15 days to keep domestic prices upto date with the global market.
The global petrol prices have been affected by the COVID-19 pandemic, which hasbecome more complicated in several Asian countries recently, they said./.
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The retail prices of oil and petrol increased as of 15:00 on May 12. (Photo: VNA) 
