With such decreases, petrol prices have moved close to the February price range.
The retail prices of petrol and diesel products in Vietnam continued the downtrend with decreases of VND1,100-2,380 per liter from 15.00 today [July 21], marking the third consecutive decline since the beginning of July.
A gas station at Nguyen Luong Bang Street, Dong Da District. Photo: Pham Hung |
Under the latest adjustment from the inter-ministerial team of the Ministry of Industry and Trade and the Ministry of Finance, prices of biofuel E5 - RON92 declined by VND2,710 to VND25,070 (US$1.07) per liter, and RON95-III by VND3,600 to VND26,070 ($1,11).
With such decreases, petrol prices have now moved close to the February price range.
In addition, prices of diesel also decreased by VND1,740 to VND24,850 ($1.06) per liter, kerosene by VND25,240 ($1,08), down by VND1,100, and mazut fell to VND16,540 ($0.71) per kilogram or a decline of VND2,3800.
Compared to the end of June, each liter of RON95-III is now VND6,800 cheaper; for E5 – RON92, it is VND6,230 and VND5,160 for diesel.
This time, the cross-functional team decided against subsidizing the petrol prices using the petrol price stabilization fund, but deducted VND950 from the price per liter of fuels for the fund, along with VND550 per liter of diesel, VND700 per liter of kerosene, and VND950 per liter of mazut.
Other News
- Vietnam's first lotus root export to Japan
- Hanoi to host the Vocational Education Day 2024
- Hanoi tightens e-commerce management
- Q2/2024: Hanoi businesses expect better performance
- Companies, universities team up to develop semiconductor workforce in Vietnam
- Samsung and NIC partner to develop Vietnam's tech talent pool
- Global tech firms interested in Vietnam’s semiconductor industry: Planning minister
- Four- and five-star hotels to boom in Hanoi as tourism rebounds
- Vietnam’s manufacturing sector returns to growth in April
- Vietnam on track for Q2 export breakthrough, economist predicts
Trending
-
Hanoi: Seven decades of construction and development
-
Vietnam news in brief - May 8
-
The Battle of Dien Bien Phu – boundless inspiration for young creative artists
-
Hanoi's oldest book street preserving the city's reading culture
-
Private investors: Key to build more parking lots in Hanoi
-
PM urges Cambodian cooperation to promote sustainable use of Mekong River
-
Vietnam seeks more information on Cambodia’s Funan Techo canal project
-
Hanoi: The 'epic victory' of Dien Bien Phu as seen in photos
-
Hanoi strives to ensure smooth high school exams