A Petrolimex station in Hanoi (Source: VNA)

Specifically, the retail prices of E5 RON 92 and RON 95-III were cut by 284 VND and 391 VND to 19,408 VND (0.77 USD) and 20,503 VND per litre, respectively.

Meanwhile, the price of 0.05S diesel oil was capped at 18,148 VND per litre, up 91 VND per litre from the previous adjustment, and the ceiling prices of kerosene and mazut, up 263 VND and 232 VND to 18,833 VND and 16,461 VND per litre, respectively.

The ministries decided not to use the petrol and oil price stabilisation fund.