According to the latest adjustment, RON 95-III, the most commonly used gasoline in Vietnam, has increased by 440 VND to 20,080 VND (0.79 USD) per litre, while E5 RON 92 has risen by 410 VND to 19,690 VND per litre.
Hanoi (VNA)ꩲ – The Ministry of Industry and Trade and the Ministry of Finance have announced a slight increase in retail fuel prices, effective from 3 pm on March 20.
According to the latest adjustment, RON 95-III, the most commonly used gasoline in Vietnam, has increased by 440 VND to 20,080 VND (0.79 USD) per litre, while E5 RON 92 has risen by 410 VND to 19,690 VND per litre.
Diesel prices remain unchanged at 17,890 VND per litre compared to the previous adjustment on March 13. Meanwhile, kerosene has been revised to 18,110 VND per litre, and mazut is now priced at 16,950 VND per kilogram.
For this price adjustment cycle, the government has decided not to utilise the fuel price stabilisation fund./.
The Ministry of Industry and Trade (MoIT) has proposed a new price mechanism to adjust fuel prices every 5 days instead of the current 10-day cycle, or possibly every day to finally address a number of issues that resulted in sporadic fuel shortages across the country in recent months.
The price of E5RON92 gasoline is capped at 19,281 VND (0.76 USD) per litre, down 680 VND, while RON95-III is priced at no more than 19,649 VND per litre, a decrease of 753 VND.
According to the new pricing, E5 RON92 bio-fuel is now priced at 20,598 VND per litre, up 156 VND, while RON95-III costs 21,074 VND per litre, an increase of 146 VND.
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