Petrol prices see fifth straight decrease

Domestic petrol prices have seen five consecutive decreases since October. — Photo tiephong.vn

HÀ NỘI — The retail price of biofuel E 五 RON  九 二 fell by VNĐ 三 九 四 to trade at a maximum of VNĐ 一 六, 七 八 七 (US$0. 七 二) per litre at  三pm today, the ministries of Industry and Trade and Finance announced.

The price of RON  九 五 dropped by VNĐ 三 一 八 to a maximum of VNĐ 一 八. 一 四 一 per litre, while the prices of diesel 0.0 五S and kerosene went down by VNĐ 二 五 七 and VNĐ 二 四 九 to VNĐ 一 六,00 一 and VNĐ 一 五,00 三 per litre, respectively.

The price of mazut  一 八0CST was lower by VNĐ 三 九 四 to VNĐ 一 四,00 八 per kilo.

According to the ministries, in the  一 五 days before December  二 一, the global price of RON  九 二, which is used to produce biofuel E 五, averaged $ 五 八. 八 六 per barrel and RON 九 五 was at $ 六0. 九 四 per barrel.

The two ministries also decided to keep the use of subsidies from the petrol price stabilisation fund unchanged.

Subsidies for E 五 RON  九 二 and RON  九 五 were VNĐ 三00 and VNĐ 一,000 per litre, respectively. For diesel and kerosene, the subsidies were VNĐ 一, 二00 per litre and for mazut VNĐ 一, 四00 per kilo.

Reviews of fuel prices are set to be announced every  一 五 days to keep up with swings in the global market.

Domestic petrol prices have decreased five consecutive times since October for total drop of VNĐ 四, 二00 per litre. — VNS