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.
Hanoi (VNA) – The Ministry of Industry and Trade andFinance Ministry revised up petrol prices on May 2, marking the third time theyhad made price adjustments after using the price stabilisation fund.
Accordingly, retail price of bio-fuel E5 RON 92 will rise by985 VND per litre to below 20,688 VND (0.89 USD) while that of diesel will hikeby 311 VND per litre to a maximum level of 17,695 VND.
The ceiling prices of kerosene and mazut were capped at16,625 VND and 16,002 VND per kg, respectively.
Two weeks before May 2, world petrol prices also went up from2.2 percent to 3.22 percent.
The ministries decided to keep the fund’s expenditure forexisting petrol products unchanged.-VNA
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Illustrative image (Photo: VNA) 
