Petrol prices down in latest adjustment (Photo: congthuong.vn)

Those of RON 95-III and E5 RON 92 were cut by 668 VND and 509 VND to 22,322 VND (0.92 USD) and 21,290 VND per liter, respectively.

Meanwhile, the prices of diesel, kerosene and mazut were reduced to 19,721 VND, 20,922 VND and 15,527 VND per liter or kilogram respectively.

The ministries decided not to use the petrol and oil price stabilization fund.

Since the beginning of this year, petrol prices have undergone 35 adjustments, with 18 up, 13 down, and four unchanged.

The price adjustment is intended to ensure that the fluctuation of petrol and gas prices in the country is in line with changes in prices in the world while encouraging the use of biofuel as well as minimizing negative impact on socio-economic development, production and business activities, among others.

Source: VNA