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Wednesday, October 16, 2024

Fuel prices soar after five consecutive cuts

By Gia Nghi

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HCMC – The domestic retail prices of fuels increased substantially today, October 22, following an announcement jointly released by the ministries of Industry-Trade and Finance.

After five cuts in a row, RON 95-III gasoline picked up by VND1,260 to VND21,060 per liter. Meanwhile, E5 RON92 bio-gasoline is now priced at VND19,840 per liter, up by VND990.

Diesel oil now costs VND18,500 per liter, increasing by VND1,100, and kerosene edged up by VND1,140 to VND18,790.

Heavy fuel oil is now capped at VND15,910 per kilogram, rising by VND910.

During this fuel price adjustment, the two ministries decided not to impose a surcharge on all types of fuel.

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