Fuel prices increase

The ministries of Industry and Trade and the Ministry of Finance have announced a sharp increase in fuel prices from 5 pm on July 17.

The ministries of Industry and Trade and the Ministry of Finance have announced a sharp increase in fuel prices from 5 pm on July 17.

Illustrative photo. Fuel prices are raised for the second time since July on July 17

Following the adjustment, the price of E5 RON92 has increased by VND626 per litre to VND20,279 and RON95-III price increased by VND718 to VND 21,235 . The prices of diesel and kerosene increased by VND48 to VND16,997 per litre and VND22 to VND15,959 per litre respectively. Mazut price also increased by VND760 to VND15,980 per kilo.

According to the ministries, world average fuel prices in a 15-day period before July 17 had increased with RON92 to USD72.109 per barrel and RON95 to USD74.503 per barrel.

This is the second fuel price rise in July. In the last adjustments on July 2, the retail price of RON95 was raised by VND383 per litre, E5RON92 by VND420, diesel 0.05S by VND292, kerosene by VND326, and mazut 180CST 3.5S by VND105 per kilo.