Petrol prices down 816 VND per litre from 3pm of August 4 (Source: VNA)
Retail petrol prices were revised down 816 VND per litre as of 3 pm on August 4, marking the 13th price adjustment this year.
According to the Ministries of Industry & Trade and Finance, RON 92 petrol will cost no more than 19.304 VND per litre and bio-petrol E5 is set at a maximum of 18.809 VND per litre.
Prices of diesel and kerosene went down 819 VND and 638 VND per litre, respectively, while mazut was reduced by 582 VND per kilogram.
With the revisions, gasoline prices rose by 1,400 VND per litre and diesel costs fell by 3,120 VND per litre compared to the start of this year.
As of August 3, each barrel of RON 92 and diesel 0.05S cost a respective 69.891 USD and 61.465 USD on the global market, down 8 USD from a month earlier.-VNA
The price of RON95 gasoline was slashed by 1,900 VND down to 16,270 VND on the afternoon of January 21, according to the Vietnam National Petroleum Group (Petrolimex).
The sharp decrease in world oil price over the past three months is expected to affect Vietnam’s oil export earnings as well as a wide range of socio-economic aspects.
The ministries of Industry and Trade, and Finance have asked fuel enterprises to keep retail petrol prices stable during the Tet (Lunar New Year) holidays.
The Vietnam National Petroleum Group (Petrolimex), the country’s largest fuel wholesaler, raised the retail price of several fuel varieties as of 15:00 pm on March 11, the second adjustment and the first rise this year.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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Petrol prices down 816 VND per litre from 3pm of August 4 (Source: VNA)
