Local petrol prices slump by VNĐ400 per litre

A customer buys petrol at a station in Hà Nội. — VNA/VNS Photo Đức Duy

HÀ NỘI — The domestic retail prices of RON  九 二 petrol and bio-fuel E 五 dropped VNĐ 四 三 五 and VNĐ 四 三 一 per litre, from  五pm on Wednesday.

Prices of diesel 0.0 五S, kerosene and mazut, meanwhile, rose by VNĐ 一 二 二, VNĐ 二 八 五 and VNĐ 一 一0  per litre, respectively, following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance.

Under the joint decision by the ministries, RON  九 二 and E 五 petrol is sold at a maximum prices of VNĐ 一 六,0 六 九 ( 七 一 US cents) and VNĐ 一 五, 九 一 八 VND ( 七0 US cents) per litre respectively, while the new ceiling price of diesel 0.0 五S and kerosene are VNĐ 一 二, 九 五 七 ( 五 七 US cents) and VNĐ 一 一, 六 六 五 ( 五 一 US cents) per litre. The new price of mazut is VNĐ 一0, 七 七 六 ( 四 七 US cents).

The average global price of RON  九 二 during the last  一 五 days until July  五 was nearly $ 五 五. 九 六 per barrel, down $ 二. 一 六 compared with the previous price adjustment.

The prices of petrol and oil are adjusted every  一 五 days by the two ministries depending on the changes in the world market. — VNS