The retail prices of petrol were fallen to below VND25,000 per litre from 3:00pm today, August 1, following the latest adjustment by the Ministries of Industry and Trade, and Finance.

Specifically, the retail price of E5RON92 was adjusted down by VND444 to VND24,629 per litre, while that of RON95-III was cut by VND462 to VND25,608 per litre.  

Diesel oil is now on sale at the price of VND23,908 per litre after a decline of VND950, whilst the price of Kerosene oil was cut by VND713 to VND24,533 per litre.

The price of Mazut 180CST 3.5S remained unchanged at VND16,548 per kg.

This is the third sharp drop in petrol prices. After four times of being adjusted down in a row, petrol prices have been reduced by about VND6,500 per liter in total.

In this fuel price adjustment, the two ministries also decided to take away a part from retail sales of petrol and oil to replenish the national fuel price stabilization fund with VND800 per litre for E5RON92, VND850 per litre for RON95, VND450 per litre for diesel, VND650 per litre for kerosene, and VND787 per kg for mazut fuel oil.

Reporting by TTXVN - Translating by M.DUNG