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Saturday, June 22, 2024

Fuel prices decline further

The Saigon Times

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HCMC – Retail fuel prices have dropped again, this time with a more sizeable cut, according a joint announcement made by the ministries of Industry-Trade and Finance at 3:00 p.m. on December 14.

The price of RON 95-III gasoline now stands at VND21,400 per liter, a reduction of VND920. Similarly, E5 RON 92 bio-gasoline is now available at VND20,510, reflecting a decrease of VND780.

Other fuel types have also edged down. Diesel oil is currently priced at VND19,000 per liter, a decrease of VND720.

Kerosene and heavy fuel oil are being sold for VND19,960 per liter and VND14,970 per kilogram, respectively, down by VND960 and VND550.

With these latest adjustments, the prices of E5 RON 95 and diesel have returned to the levels observed in May of this year.

During this fuel price adjustment, no additional surcharges have been imposed on fuels to replenish the fuel price stabilization fund, and local fuel traders are not authorized to tap into the fund.

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