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Local fuel prices edge down

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HCMC – Retail fuel prices in the local market were revised down at 3.00 p.m. today, November 11, according to an announcement jointly issued by the ministries of Industry & Trade and Finance.

The price of biofuel E5 RON92 fell by VND224 per liter at VND13,885 per liter, while the price of RON95 petrol is capped at VND14,701 per liter, dropping by VND238 a liter.

The respective prices of diesel oil, kerosene and heavy fuel oil are not higher than VND10,838, VND9,562 and VND11,091 per liter or kilogram, down VND380, VND115 and VND170.

Local fuel traders were told to extract VND100 for each liter of RON95 petrol sold and VND200 for each liter of diesel oil to replenish the national fuel price stabilization fund.

Besides, retailers get VND900 from the fund for each liter of bio-fuel E5 RON92 sold, VND100 for each liter of RON95 gasoline and VND100 for each kilogram of heavy fuel oil, the local media reported.

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