Petrol prices revised down on September 5 (Photo: VNA)

Accordingly, the price of E5RON92 bio-fuel was cut by 353 VND per litre from the base price to be not higher than 19,979 VND (0.81 USD) per litre, while that of RON95-III fell by 282 VND to 20,827 VND per litre at the maximum.

Meanwhile, diesel 0.05S is capped at 18,092 VND per litre, down 385VND per litre. The kerosene price is not higher than 18,724 VND per litre, down 341 VND per litre.

Mazut oil 180CST 3.5S is now sold at not higher than 15,155 VND per kg, down 407 VND per kg.

The two ministries also decided not to use the petrol price stabilisation fund this time.