The Ministry of Industry and Trade, and the Ministry of Finance decided to reduce retail prices of petrol products from 3pm on Thursday.

Accordingly, the price of E5RON92 was capped at VNĐ19,445 per litre (down VNĐ1,085), while that of RON95-III was VNĐ19,906 (down VNĐ1,210) per litre.

Meanwhile, the price of diesel was adjusted to VNĐ18,408 per litre (down VNĐ941), while those of kerosene were VNĐ18,132 (down VNĐ932) and mazut VNĐ15,807 per kilogramme (down VNĐ1,148).

There have been 28 fuel price adjustments since the beginning of this year.

Specifically, RON95-III petrol has experienced 15 price hikes and 13 cuts. Diesel oil price has increased 14 times, decreased 13 times, and remained unchanged once.

In this adjustment, the authorities decided not to use the petrol and oil price stabilisation fund for any of the fuel categories.— VNS

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