Petrol saw another retail price rise on the afternoon on January 26 following the latest review conducted by both the Ministry of Industry and Trade and the Ministry of Finance.

In line with the latest assessment, the retail price of E5RON92 biofuel witnessed an increase of VND 361 per litre to a maximum of VND16,309 per litre, while the price of RON95 rose by VND340 per litre to VND17,270 per litre.

Furthermore, diesel oil 0.05S and kerosene are to be sold at no more than VND13,042 per litre and VND11,908 per litre, rises of VND300 and VND350 per litre, respectively.

Meanwhile, the price of Mazut 180CST 3.5S is now at no more than VND12,622 per kg, representing an increase of VND350 per kg.

According to the two ministries, petrol and oil prices in the global market have experienced an upward trajectory over the past 15 days, therefore causing the latest adjustments.

This is the fifth consecutive time the two ministries have hiked the domestic petrol and oil prices.

The ministries have also decided to increase expenditure for the petrol price stabilisation fund at the level of between VND181 and VND1,100 for all types of petroleum products.