Prices of oil, petrol remain unchanged in latest adjustment
Updated : Sunday, July 08, 2018 10:33 AM (GMT+0700)

Theprices of oil and petrol were kept unchanged following the latestadjustment by the Ministry of Industry and Trade and the Ministry ofFinance on July 7.  

 
Motorcyclists have their vehicles refuelled at a gas station - Source: VNA

The two ministries reviewfuel prices every 15 days to adjust the prices in accordance with fluctuationson the world market.

The ceiling price for E5Ron92 and Ron95-III are maintained at 19,611 VND per litre and 21,177 VND perlitre, respectively. Meanwhile that for diesel oil 0.05S stands at 17,455 VNDper litre, down 5 VND per litre.

The prices of kerosene andfuel oil (FO) 180CTS 3.5S are not more than 16,243 VND per litre and 14,756 VNDper litre, up 189 VND and 319 VND per litre, respectively.  

The global price for RON92,which is the base for the production of E5 petrol, stood at 80.935 USD perbarrel in the 15-day period prior to July 7. 

RON95 was sold at 82.761 USDper barrel, diesel 0.05S 86.297 USD per barrel, kerosene 87.370 USD per barrel,and FO 180CST 3.5S 459.223 USD per tonne.

The petrol pricestabilisation fund has been used constantly and at a high level over the pasttime, particularly for petrol products, to mitigate the impacts of globalrising commercial oil and petrol prices and contribute to curbing inflation.

This time, subsidies for E5RON92 are 922 VND per litre (previously 870 VND per litre) and 161 VND perlitre for RON95 (previously 198 VND per litre).

Source:VNA

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