Accordingly, the price of E5RON92 bio-fuel is capped at 20,882 VND (0.83 USD) per litre, an increase of 167 VND per litre. Meanwhile, the price of RON95-III rose by 179 VND to reach 21,852 VND per liter.

For the diesel fuel 0.05S and kerosene, the maximum prices are set at 19,230 VND and 19,572 VND per litre, up 89 and 161 VND per litre, respectively. Mazut oil 180CST 3.5S is now sold at no more than 16,245 VND per kg, rising by 217 VND per kg.

The two ministries decided to keep the petrol price stabilisation fund unchanged.

They noted that the global petrol market during this adjustment period (from August 8 to 14) was influenced by several factors, including new developments in the Middle East conflict, rising US crude oil reserves, and the ongoing Russia-Ukraine conflict.