The domestic retail price of RON 92 petroleum increased by VNĐ434 to trade at a maximum of VNĐ18, 580 (81 US cents) per litre, as of 3pm on Monday.
The domestic retail price of RON 92 petroleum increases by VNĐ434 to trade at a maximum of VNĐ18,580 (81 US cents) per litre, as of 3pm on Monday. — Photo cafef.vn
The ministries of industry and trade, and finance also decided to raise the price of E5 bio-fuel by VNĐ385 to VNĐ18,243 per litre. The prices of diesel and kerosene also rose by VNĐ408 and VNĐ419 per litre to VNĐ15,019 and VNĐ13,617, respectively. Meanwhile, the maximum price of mazut was VNĐ12,382 per kilo, an increase of VNĐ473.
The two ministries also decided to keep using the price stabilisation fund for RON92 petrol and E5 bio-fuel at VNĐ600 per litre. The use of the fund for diesel increased to VNĐ300 per litre.
The use of the fund for kerosene was VNĐ400 per litre and mazut VNĐ350 per kilo.
The Ministry of Industry and Trade said retail petrol price in Singapore, the main petrol exporter for Việt Nam, was $74-75 per barrel. This was $2-3 per barrel higher than the previous price adjustment on November 4. The petrol retail price in the market rose by $2-3 per barrel from the beginning of this year.
In the latest adjustment on November 4, domestic retail prices of RON 92 petrol and bio-fuel E5 rose by VNĐ271 and VNĐ224 per litre to VNĐ18,146 and VNĐ17,858, respectively.
Petrol prices have seen under 21 adjustments, so far, this year, with nine increases, nine decreases and three instances of staying unchanged.