Petrol prices see slight increase amid decline in oil prices
VOV.VN - The Ministry of Industry and Trade and the Ministry of Finance has revised the price of petrol to give it a slight increase, while oil products, with the exception of mazut, witnessed a decrease as of 3 p.m. August 27.
The retail price of petrol RON 95 rose by VND190 to VND15,114 per litre, while the price of bio-fuel E5 RON 92 remained unchanged at VND14,409 per litre.
In contrast, oil prices experienced a downward trajectory, with diesel and kerosene declining by VND240 and VND82 per litre, respectively. In addition, mazut maintained the highest price at VND11,183 per kilogram, the same rate as 15 days previously.
Along with the latest adjustments to petrol prices, the ministries have also moved to increase expenditure for the petrol price stabilisation fund by VND363 per litre for E5 RON 92, VND670 for RON 95, and VND453 per kilogram of mazut.
The latest price changes have occurred after the two ministries reviewed fuel prices every 15 days in order to make adjustments to domestic prices to match global fluctuations.
