The retail prices of petrol and oil were revised down in the latest adjustment made at 3:00pm on Thursday by the Inter-Ministry of Industry and Trade - Finance.

Gasoline and oil prices dropped simultaneously from 3:00pm on May 4. Photo: VAN HOANG

In detail, the retail prices of E5 RON 92 and RON 95 dropped by VND1,250 and VND1,310 to VND21,430 and VND22,320 per litre, respectively.

In the adjustment, the prices of oil products decreased by over VND1,000 per litre. Diesel oil is now on sale at the price of VND18,250 per litre, whilst the price of kerosene stands at VND18,520 per litre.

In addition, the Inter-Ministry of Industry and Trade - Finance decided to extract VND500 per litre from E5 RON92 and RON 95 petrol, and VND300 per litre/kg from diesel oil, kerosene and Mazut for the petrol price stabilisation fund.

Reporting by VIET AN - Translating by M.DUNG