Petrol prices down in latest adjustment

Retail sale prices of petrol were adjusted down from 3 p.m. on May 16 by the Ministry of Industry and Trade, and the Ministry of Finance.

Accordingly, the price of E5RON92 bio-fuel was cut by VND508 to no more than VND22,115 (US$0.87) per liter, while that of RON95-III fell by VND409 to VND23,135 per liter.

Meanwhile, diesel 0.05S and kerosene are now priced at VND19,873 and VND19,908 per liter at the highest, up VND26 and VND207, respectively.

Mazut oil 180CST 3.5S is sold at no more than VND17,418 per kg, VND85 lower than the previous adjustment.

The two ministries have decided not to use the petrol price stabilization fund.

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