The retail price of petrol and oil witnessed a continued increase at 3 p.m. on January 11 following the latest price review conducted by the Ministry of Industry and Trade and the Ministry of Finance.

The most recent review saw the price of bio-fuel E5 RON 92 go up VND430 to VND15,948 per litre, whilst RON95 inched up by VND451 to reach a figure of VND16,930 per litre.

Furthermore, the ceiling prices of diesel 0.05S and kerosene were set at no more than VND12,647 and VND11,558 per litre, marking rises of VND271 and VND370 per litre, respectively.

Moreover, the price of mazut 180CST 3.5S remained unchanged and is to be sold at no more than VND12,272 per kilo.

The latest changes in petrol prices have occurred following a review of fuel prices carried out by the two ministries, a process which takes place every 15 days as a means of making relevant adjustments in accordance with fluctuations which occur on the global market. Most notably, the latest rises mark the fourth consecutive increase over the past three months.