Fuel prices gain nearly VND700 per litre
The prices of RON 92 petrol and bio-fuel E5 were raised VND675 and VND975 per litre from 3:30 pm on August 19.
Following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance, the prices of diesel 0.05S and kerosene also increased VND253 and VND200 per litre, respectively.
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It is the first fuel price hike after four consecutive falling adjustments in recent times.
Under the joint decision, RON 92 and E5 are sold at no more than VND15,374 (US$0.69) and VND15,225 (US$0.68) per litre, while the ceiling prices of diesel and kerosene went up to VND11,914 (US$0.53) and VND10,496 (US$0.47) per litre.
The two ministries also decided to keep subsidies on gas and oil unchanged.
