Hanoi (VNA) — Fuel prices were slashed by over 1,000VND per litre across the board on September 12.
RON 95-III decreased by 1,015 VND to 23,215 VND per litre. E5 RON92followed suit with a fall of 1,128 VND, to hit 22,231 VND per litre.Diesel fell by 1,008 VND to 24,180 VND per litre.
A drop of 1,027 VND was observed in Kerosene prices, which were adjusted downto 24,418 VND per litre. Mazut, likewise, went down to 15,039 VND perkilo after an adjustment of 1,038 VND.
The authorities set aside 451 VND for every litre of E5 RON92, 450 VND for RON95,90 VND for Diesel, 741 VND for Mazut and none for Kerosene to finance the FuelPrice Stabilisation Fund.
The authorities also announced that the funds were not used to stabilisefuel prices this time. Petrolimex said its fund was at 840 billion VNDso far.
Under Decree 95, fuel prices are adjusted periodically threetimes per month, on the first, eleventh and twenty-first day./.
The Ministry of Industry and Trade (MoIT) has put forward a proposal to increase the country's fuel reserve by as much as four times, said Le Viet Nga, Deputy Director of the MoIT’s Domestic Market Department, during a conference last week in Hanoi.
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Illustrative image (Photo: VNA) 
