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Saturday, October 23, 2021

Gasoline prices down slightly

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HCMC – Domestic retail fuel prices eased slightly from 3:00 p.m. this afternoon following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

The price of biofuel E5 RON92 fell VND143 per liter, RON95 petrol dropped VND130 a liter, diesel oil declined VND443 a liter and kerosene fell VND532 per liter.

At present, the retail price of E5 RON 92 is capped at VND14,266 per liter, while that of RON 95 is at VND14,984 a liter. The price of diesel oil is capped at VND11,518 per liter and mazut oil at VND10,943 a kilo.

The two ministries review fuel prices every 15 days to adjust them in accordance with fluctuations in the global markets. In the past fortnight, the price of RON92 gasoline was US$45.9 per barrel, down 3.4% compared with the previous review, while the price of RON95 reduced by US$1.57 to US$47.2 per barrel.

The price of kerosene decreased US$3.35 at around US$40 per barrel and that of mazut oil slid US$8.83 at US$262.3 per ton.

Therefore, the ministries decided not to use the price stabilization fund for E5 RON92 petrol and mazut oil.

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