The price of E5 bio-petrol has dropped by 1,446 VND per litre, while that of RON95 fell 1,513 VND per litre following an announcement of petrol price adjustments released by the Ministry of Finance and Ministry of Industry and Trade on 6 December.

The price of E5 bio-petrol has dropped by 1,446 VND per litre, while that of RON95 fell 1,513 VND per litre following an announcement of petrol price adjustments released by the Ministry of Finance and Ministry of Industry and Trade on December 6 (Photo: VNA)

The price of diesel 0.05S decreased by 1,379 VND per litre, while a sharp downturn of 990 VND per litre was seen in the price of kerosene and 784 VND per kilo in 180SCT 3.5S oil fuel.

Following the adjustment, E5 petrol is no more than 17,181 VND per litre, while that of RON95 is no higher than 18,459 VND per litre. The ceiling price of diesel 0.05S is 16,258 VND per litre, while that of kerosene and 180SCT 3.5S fuel oil not more than 15,252 VND per litre and 14,402 VND per kilo, respectively.

This is the third consecutive time that petrol prices have been reduced with a total drop of about 3,400 VND per litre. Compared to the price at the beginning of the year, the current value is 1,400 VND lower.

According to the Ministry of Industry and Trade, during the 15 days prior to 6 December, world prices of RON92 and RON95 petrol fell 8 USD per barrel compared to the previous period.

Retailers were asked to apply the new prices no later than 3pm on 6 December.

(Source: VNA)