Petrol price reduces slightly

Businesses started cutting Ron 92 gasoline price by VND124 to VND17,875 a liter yesterday according to requirements by the Ministry of Industry and Trade and the Ministry of Finance.

Ethanol gasoline E5 reduced VND97 a liter to VND17,634. Diesel slid VND178 to VND14,410 a liter, Kerosene down VND434 a liter to VND12,999. Mazut price dropped VND104 a kilogram to VND11,644.

The two ministries require to keep contribution levels to the price subsidization fund unchanged at VND130 a liter of mineral gasoline, VND180 to diesel, 0 dong to kerosene and VND100 to mazut.

Weighted average tax applied for calculating basic prices are 8.56 percent for gasoline, 2.15 percent for diesel, 0.09 percent for kerosene and 3.78 percent for mazut.