The retail prices of oil and petrol were adjusted down starting from 3 pm on November 25 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Illustrative image (Photo: VNA)

Accordingly, the retail price of E5RON92 bio-fuel decreased 752 VND to a maximum of 22,917 VND per litre (around 1 USD) while that of RON95-III was also down 1,094 VND to 23,902 VND per litre.

Diesel 0.05S and kerosene are now sold at 18,382 VND and 17,197 VND per litre, down by 334 VND and 440 VND, respectively.

Meanwhile, the price of Mazut 180CST was cut by 344 VND to 16,477 VND per kilo.

The petrol price stabilisation fund has been used constantly over the past time to mitigate the impacts of global rising commercial oil and petrol prices and contribute to curbing inflation.

The two ministries review fuel prices every 15 days to adjust the prices in accordance with fluctuations on the world market.

Source: VNA