The retail prices of RON 92 and E5 petrol dropped by 112 VND and 105 VND per litre, respectively, from 16:55 of October 5, according to a joint decision of the ministries of Industry and Trade and Finance.
Hanoi (VNA) – The retail prices of RON 92 and E5 petrol dropped by112 VND and 105 VND per litre, respectively, from 16:55 of October 5, accordingto a joint decision of the Ministries of Industry and Trade and Finance.
This is the firstdecrease after five straight times of price rises from July 20. Since earlythis year, domestic retail petrol prices have experienced seven hikes and eightdrops.
Meanwhile, theprices of diesel and kerosene rose by 147 VND and 318 VND per litre,respectively.
After the drop, themaximum price of RON 92 is 17,999 VND per litre, while that of E5 is 17,731 VNDper litre, diesel 0,05S is 14,588 VND per litre, and kerosene is 13,433 VND perlitre.
The ministries alsodecided to maintain the amount of money set aside for the fund for petrol pricestabilisation, as well as the fund’s spending.
They reported thataverage world petrol prices in the recent 15 days was 67.049 USD per barrel ofRON 92, a slight decrease of 0.5 USD per barrel; 68.949 USD per barrel ofdiesel 0,05S, a rise of nearly 1 USD per barrel; and 69.088 USD per barrel ofkerosene, up nearly 2 USD per barrel.
Meanwhile, thepre-tax price of ethanol E100 is 13,763 VND per litre.-VNA
The Ministries of Industry and Trade, and Finance decided to raise the retail price of RON 92 petrol by 306 VND to maximum 17,792 VND (78 US cents) per litre from 3pm on September 5.
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Illustrative Image (Source: VNA) 
