E5 RON92 petrol price increases by nearly VND600 per litre

Saturday, 2018-04-07 16:35:49
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NDO – The retail price of E5 RON92 petrol increased by VND592 per litre, while the prices of diesel 0.05S and kerosene were adjusted up by VND638 and VND521 per litre, respectively, starting from 3pm on April 7.

The Ministries of Industry and Trade, and Finance decided to spend the petroleum price stabilisation fund for E5 bio-fuel at VND790 per litre (previously VND669 per litre), while a fund subsidy of VND200 per litre will be applied for both diesel (previously VND177 per litre) and kerosene (previously VND34 per litre).

They stated that, after the adjustments, the price of E5 RON92 petrol should not be higher than VND18,932 per litre, and those of diesel 0.05S and kerosene should not be higher than VND16,354 per litre and VND15,081 per litre, respectively.

The two ministries conduct a review of the fuel prices every 15 days in order to adjust the prices in accordance with fluctuations on the world market.

The average global price of petrol products during the last 15 days up to April 7 was at US$76.963 per barrel for RON 92 (used to produce E5 biofuel), up more than US$3.7 per barrel against the previous adjustment, and US$81.174 per barrel for diesel 0.05S, up over US$4.1 compared to the previous adjustment.