The retail price of biofuel E5 - RON92 recorded an increase of VND185 to VND31,302, equal to US$1.35, per litre and RON95 rose by VND498 to a new record of VND32,873, equivalent to US$1.42, per litre, respectively, as of 3:00 p.m. June 21.
Petrol prices in Vietnam set new record
According to the latest price adjustments, DO 0,05s-II has reached VND30,019 per litre, marking an increase of VND900 compared to the previous cycle.
Elsewhere, the price of kerosene was posted at VND28,785 per litre, a rise of approximately VND946.
Following the latest price changes, the two ministries decided to stop making use of the petrol price stabilisation fund in order to subsidise prices of petrol and diesel.
However, they both agreed to make use of part of the fund to subsidise mazut prices at VND300 per litre.