The Vietnam National Petroleum Group (Petrolimex) on January 1 announced decreases in petrol prices following a decision jointly issued by the Ministry of Industry and Trade and the Ministry of Finance.
Hanoi (VNA)– The Vietnam National PetroleumGroup (Petrolimex) on January 1 announced decreases in petrol prices followinga decision jointly issued by the Ministry of Industry and Trade and the Ministryof Finance.
Accordingly, RON95-IV price falls to 17,750 VND per litre from 18,290 VND per litre, while theprice of RON 95-III is down to 17,600 VND per litre from 18,140 VND per litre.
Meanwhile, the priceof E5 fuel RON 92 drops slightly from 16,780 VND per litre to 16,270 VND perlitre. Those of diesel oil and kerosene are now 15,050 VND per litre and 14,180VND per litre, respectively.
According to thePetrolimex, its petrol price stabilisation fund as of January 1 was 1.91trillion VND (82.6 million USD), up 230 billion VND compared to the latestpetrol price adjustment on December 21, 2018.
This is the 97th time that the firm has adjusted its petrol price since 2014.-VNA
The retail prices of petrol have continued to see a steep fall from 3pm on November 21, following the latest adjustments by the Ministry of Finance and the Ministry of Industry and Trade.
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Illustrative image (Source: VNA) 
