Petrol prices reduce for second time in the year

Businesses have reduced ethanol gasoline E5 RON92 by VND1,082 to VND19,600 a liter and RON95-III by VND1,138 to VND21,065 a liter since 3 p.m. on November 6 as per requirements by the Ministry of Industry and Trade and the Ministry of Finance.
Petrol prices reduce for second time in the year

According to the two ministries, diesel price slides VND67 a liter to VND18,544. Kerosene and mazut prices are kept stable at VND17,086 a liter and VND15,649 a kilogram.

The spending level from petrol price stabilization fund is VND700 a liter of E5RON92, VND91 a liter of kerosene and VND267 a kilogram of mazut. The two ministries asked to stop the fund spending to kerosene.

The price reduction accords with the world price fall for the last 15 days. Specifically, A RON 92 barrel has decreased to US$18.7 and a barrel of RON95 has reduced to US$80.5.

Since the beginning of the year, petrol prices have decreased for two times but increased for 6 times. Hence, petrol prices increased by VND1,000 per liter compared to the beginning of the year.