Accordingly, the price of E5RON92 biofuel is capped at 21,934 VND  (0.83 USD) per liter, down 658 VND per liter from the previous level, while RON95-III gasoline now costs no more than 23,042 VND per liter, a decrease of 719 VND per liter.

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(Photo for illustration)

The price of diesel 0.05S was reduced significantly to a maximum of 27,856 VND per liter, down 3,185 VND, while 180CST 3.5S mazut oil is capped at 19,631 VND per kilogram, a drop of 701 VND.

In this price management period, the authorities decided to allocate funds to the Petroleum Price Stabilization Fund at 200 VND per liter for biofuel, 400 VND per liter for gasoline, and 600 VND per liter or kilogram for diesel and mazut oil. However, they opted not to disburse the funds for any petroleum products

Vietnam’s fuel prices remain lower than those in several neighboring countries, including Thailand, Cambodia, Laos and China, according to the MoIT.

Source: VNA