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Tuesday, July 16, 2024

Vietnam fuel prices down

The Saigon Times

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HCMC – Vietnam’s fuel retail prices were revised down today, April 12, the third straight decline since late March, according to an announcement jointly issued by the Ministries of Industry-Trade and Finance.

The bio-fuel E5 RON92 price is down by VND838 per liter to VND26,471, while the higher-grade RON95 petrol is now priced at VND27,317 per liter, down over VND836.

Diesel oil and kerosene are down by VND700 and VND735 per liter, respectively, while heavy fuel oil remains unchanged at VND20,929 per kilogram.

During this fuel price adjustment, the two ministries decided to charge buyers VND550 for each liter of bio-fuel E5 RON92 and VND650 for each liter of RON95 petrol to replenish the national fuel price stabilization fund. The respective extraction levels of each liter of diesel oil and kerosene are VND500 and VND350.

Local fuel traders can now tap the fund at VND481 for each kilogram of heavy fuel oil sold, the local media reported.

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