Vietnam raises petrol prices by over 300 VND per litre
Retail petrol prices rose by more than 300 VND per litre from 3 pm on January 26, the fifth increase in a row, following the latest review by the Ministry of Industry and Trade and the Ministry of Finance.
A worker refills a motorcycle at a Petrolimex gas station (Photo: VNA)
Hanoi (VNA) – Retail petrol prices rose by more than 300 VND perlitre from 3 pm on January 26, the fifth increase in a row, following thelatest review by the Ministry of Industry and Trade and the Ministry ofFinance.
Accordingly, the price of bio-fuel E5 RON92 increased by 361 VND to a maximumof 16,309 VND (0.71 USD) per litre, and RON95-III by 340 VND to no more than17,270 VND per litre.
The prices of diesel 0.05S and kerosene were pushed up by 395 VND and 350 VNDto cap at 13,042 VND and 11,908 VND per litre, respectively.
Meanwhile, the price of Mazut 180CST 3.5S inched up 350 VND to 12,622 VND perkilogramme.
The two ministries said that the prices of petrol and oil on the global marketincreased from 5.34 to 6.45 percent in the past 15 days. They review fuelprices every 15 days to keep the domestic prices up to date with the globalmarket.
With a view to supportingeconomic recovery in the nation, the ministries decided to increase expenditurefor the petrol price stabilisation fund by 250 VND-1,350 VND per litre./.
Although many forecasts said that inflation would be controlled at less than 4 percent this year, economists recommended it was still important to pay attention to inflationary pressures.
Retail petrol prices rose by more than 400 VND from 3pm on January 11, the fourth increase in a row, following the latest review by the Ministry of Industry and Trade and the Ministry of Finance.
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A worker refills a motorcycle at a Petrolimex gas station (Photo: VNA) 
