70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
Petrol prices rise for 2nd time in a row
Ngoc Thuy 17:40, 2021/05/12
Petrol prices have increased twice in row since April.

From 15.00 today [May 15], the retail price of biofuel E5 and RON92 rose by VND440 to around VND18,420 (US$0.8) per liter, and that of RON95 went up by VND370 to VND19,530 (US$0.85) per liter.

 Since April, petrol prices have increased twice in a row. File photo

The move came after the latest review on petrol prices jointly released by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) on the same day.

Since April, petrol prices have increased twice in a row. RON95 rose by a total of VND560 per liter, E5 and RON92 by VND620.

Meanwhile, price of kerosene was posted at VND13,820 (US$0.6) per liter, or an increase of VND570; diesel of VND14,770 (US$0.64) (up VND450), mazut of VND14,270 (US$0.62) per kilogram.

Both the MoIT and the MoF decided to subsidy for E5 and RON92 from the petrol price stabilization fund with VND1,900 and VND1,050 for RON95; diesel (VND400); kerosene (VND400); and mazut (500).

At a recent price management meeting, Deputy Prime Minister Le Minh Khai instructed the two to manage petrol prices in a flexible manner, which should be in line with global prices.

“Two ministries should be cautious about using the petrol price stabilization fund, especially as prices on the global market are on the upward trend,” said Khai, adding the goal is to prevent a sudden rise in prices of these products in the domestic market.

RELATED NEWS
TAG: petrol prices Ministry of Finance Ministry of Industry and Trade E5 RON92 RON95
Other news
10:13, 2024/02/29
What’s behind VinFast’s investment ambitions in India?
Indian-born RMIT Senior Lecturer Dr. Majo George shared his thoughts on a Vietnamese company's strategic move to tap into one of the world's most populous nations and rapidly expanding other markets.
22:45, 2024/02/28
Jan-Feb: Hanoi leads in foreign investment registration
As of February 20, Vietnam has attracted more than 39,500 FDI projects with a total registered capital of nearly US$473.1 billion.