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Thursday, June 1, 2023

Local fuel prices surge

The Saigon Times

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HCMC – Domestic fuel prices were revised up by about VND1,000 per liter today, April 11, according to an announcement jointly released by the ministries of Industry-Trade and Finance.

RON 95-III gasoline, the most popular type of gasoline in Vietnam, is priced at VND24,240 per liter, up by VND1,120, and E5 RON 92 bio-gasoline costs VND23,170 per liter, up by VND1,090.

Other fuels also marked up in price. Diesel oil now sells for VND20,140 per liter, up by VND710.

Kerosene and heavy fuel oil now sell for VND19,730 per liter, up VND700, and VND15,190, up VND720, respectively.

During this fuel price adjustment, the two ministries continued replenishing the fuel price stabilization fund.

E5 RON 92 is subject to a surcharge of VND150 per liter, while the surcharge for RON 95-III, diesel fuel and kerosene oil remained unchanged at VND300 per liter. Heavy fuel oil is exempt from the surcharge.

Local fuel traders are allowed to tap the fuel price stabilization fund at VND300 for each kilogram of heavy fuel oil sold to lower prices in this fuel price adjustment.

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