March 21, 2022 | 17:54 (GMT+7)
Petrol prices down by 600 VND per liters after seven hikes
Retail petrol prices reduced by more than 600 VND per liter from 3pm on March 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
    |
 |
|
Petrol prices down by 600 VND per liter after seven hikes |
Accordingly, the retail price of RON95 bio-fuel dropped by 632 VND to a maximum of 29,192 VND (1.28 USD) per liter, while that of E5RON92 was adjusted down by 655 VND to no more than 28,330 VND per liter.
This is the first decline following seven consecutive hikes of petrol prices in 2022, with total increases amounting to over 6,500 VND per liter.
The two ministries also decided to use the petrol price stabilization fund at a rate of 200 VND per liter for E5 RON 92, and 50 VND per liter for RON 95, and 400 VND per liter for diesel.
The world petrol prices have shown a tendency to increase again over supply reduction concerns, the Ministry of Industry and Trade said.
Source: VNA