Petrol prices drop by over VND400 per litre
The price of RON 92 decreased by VND435 per litre from 5:00pm on July 5, according to the latest adjustment of the Ministry of Industry and Trade and the Ministry of Finance the same day.
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The price of E5 bio-petrol was also cut by VND431 per litre while that of diesel oil 0.05S and kerosene were up by VND122 and VND285 per litre.
Accordingly, RON 92 and E5 bio-petrol are sold at no more than VND16,069 (US$0.706) and VND15,918 (US$0.7) per litre, respectively, while the new ceiling prices of diesel oil 0.05S and kerosene are VND12,957 (US$0.56) and VND11,665 (US$0.51) per litre.
The average global price of petrol products during the last 15 days to July 5 was at US$55.959 a barrel for RON 92, down 3.7%, and US$57.599 for diesel, down 0.2% compared to the previous price adjustment.
The prices of petrol and oil are adjusted every 15 days by the two ministries depending on changes in the world market.
