The retail prices of petrol decreased significantly from 3pm of March 15, making it the fifth consecutive reduction since the beginning of this year.

Retail prices of petrol decreased significantly from 3pm of March 15
(Source: VNA)

Following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance, the price of biofuel E5 RON92 fell by VND2,290 to VND16,056 (US$0.69) per litre at the highest, and that of RON95-III was also down by VND2,315 to VND16,812 per litre.

Meanwhile, the prices of diesel 0.05S and kerosene were VND13,035 per litre and VND11,846 per litre, down VND1,750 and VND1,830 per litre, respectively.

Mazut 180CST 3.5S is sold at no more than VND10,501 per kilogramme, down VND1,353 per kilogramme.

The two ministries review fuel prices every 15 days to adjust domestic prices in accordance with fluctuations in the global market.

They decided to subsidise VND200 per litre for E5 RON92; VND800 per litre for RON95, diesel and kerosene; and VND100 per kg for mazut.