The government raised the subsidy for E5 and RON92 from the petrol price stabilization fund by VND2,000 per liter, as well as other petroleum and gasoline products.
From 15.00 today [February 25], the retail price of biofuel E5 and RON92 rose by VND722 to around VND17,031 (US$0.74) per liter, and that of RON95-III went up by VND814 to VND18,084 (US$0.79) per liter.
Prices for a number of petroleum products are increased from today. Photo: Kinhtedothi |
The move came after the latest review on petrol prices jointly released by the Ministry of Industry and Trade and the Ministry of Finance on the same day.
The two ministries agreed to raise the subsidy for E5 and RON92 from the petrol price stabilization fund by VND2,000 per liter, higher than the VND1,729 from the previous review; RON95 at VND1,150; diesel (VND850); kerosene (VND900); and mazut (VND800).
Following this adjustment, prices of E5 and RON92 would not be higher than VND17,031 per liter; RON95-III (VND18,084 per liter); diesel 0.05S (VND13,843 per liter); kerosene (VND12,610 per liter); mazut 180CST 3.5S (13,127 per kilogram).
In the previous price review meeting on February 10, before the Tet holiday, petrol prices were kept unchanged thanks to the petrol price stabilization fund.
Other News
- Finance ministry clears bottlenecks to pave way for stock market upgrade
- Over 60% of Vietnamese use QR codes to pay
- Casinos contribute US$370 million to state budget over 5 years
- Standard Chartered and IATA partner to launch IATA Pay in Vietnam
- Vietnam’s capital market shows positive signs: Finance Ministry
- Prime Minister urges banks to cut lending rates further
- Potential upgrade to emerging status may pull US$25 billion into Vietnam’s stock market
Trending
-
Hanoi, a city of music in the making
-
Vietnam urges respect for international law in East Sea
-
Hanoi kicks off communication contest on Dien Bien Phu victory
-
French education group Odyssey keen on strengthening cooperation with Hanoi
-
Hanoi, Shanghai strengthen investment cooperation
-
UOB Painting of the Year Award opens doors to the world for Vietnamese artists
-
Grapefruit blossom perfume Hanoi's air
-
MICE tourism: Vietnam's lucrative “golden market” unveiled
-
Vietnam: Sleep Tourism on the rise