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.

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.

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