Petrol prices plunge for fourth consecutive time

Society – Economy - Ngày đăng : 15:23, 01/08/2024

Petrol prices were adjusted down from 3 p.m. on August 1 by the Ministry of Industry and Trade, and the Ministry of Finance, the fourth time in a row.

petrol prices plunge for fourth consecutive time picture 1

In the latest price adjustment by the two ministries, RON95-III, the most commonly used fuel in Vietnam, dropped by VND280 to VND22,600 per litre.

The price of E5 RON 92 biofuel was also revised down by VND290 to a maximum of VND21,610 per litre.

Elsewhere, the prices of diesel 0.05S and kerosene were capped at VND19,870 per litre and VND20,090 per litre, falling by VND320 and VND230 per litre, respectively.

Mazut 180CST 3.5S was sold at no more than VND16,880 per kilo, reducing by VND290 per kilo.

For the latest price adjustment, the two ministries decided not to extract the petrol price stabilization fund. Since October 2023 this has marked the 41st time the petrol price stabilization fund has not been used.

Since the beginning of this year, petrol prices have undergone 30 adjustments, with 16 times up and 14 times down. Meanwhile, oil prices have experienced 14 times up and 16 times down.

VOV