The retail prices of oil and petrol continued to rise from May 23 following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance.
Hanoi (VNA) - The retail prices of oiland petrol continued to rise from May 23 following the latest adjustment by theMinistry of Industry and Trade and Ministry of Finance.
Accordingly, from 3pm, the price of RON95 bio-fuelRON95 was raised by 670 VND per litre to 30,650 VND (1.32 USD) per litre, whilethat of E5 RON92 rose by 680 VND per litre to 29,630 VND (1.28 USD) per litre.
Meanwhile, the price of diesel oil was down by1,100 VND per litre to 25,550 VND (1.1 USD) per litre. A decrease of 660 VNDper litre was also seen in the price of kerosene to 24,400 VND (1.05 USD).
Since the beginning of this year, the retail prices of petrol have beenadjusted up nine times and down for only three times.
According to the General Statistics Office(GSO), the hike in petrol prices is the major factorpushing up CPI in the first four months of this year. Domestic petrol pricessurged 48.84 percent year on year, which led to a 1.76 percentage point rise inCPI.
The average CPI for the first four months ofthis year rose 2.1 percent year on year, higher than 0.89 percent recorded inthe same period last year, but lower than the increases in the January-Aprilperiod in 2017-2020. The core inflation was also up 0.97 percent./.
Retail petrol prices continued to rise by nearly 3,000 VND (0.13 USD) per litre from 3pm on March 11 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
Retail petrol prices reduced by more than 600 VND per litre from 3pm on March 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
The retail prices of oil and petrol were adjusted down starting from 3pm on April 12 following the latest adjustment by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance.
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Illustrative image (Source: VNA) 
