Specifically, prices of bio-fuel E5 petrol dropped by 224 VND per litre, and RON95 by 144 VND a litre. Those of diesel 0.05S, kerosene and mazut were kept unchanged compared with the previous adjustment.

The prices of E5 are not higher than 20,682 VND per litre, RON95 not higher than 22,203 VND per litre, and diesel 0.05S not higher than 18,611 VND per litre.

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Petrol prices decreased slightly on October 22. (Photo for illustration)

The ceiling prices of kerosene and mazut are capped at 17,086 VND per litre and 15,694 VND a litre, respectively.

From July 7 to September 9, petrol prices were kept unchanged, while those of oil were adjusted slightly.

However, after that, the prices of petrol rose two times with a combined increase of nearly 1,300 VND per litre.

The petrol price stabilisation fund has been used constantly over the past time to mitigate the impacts of global rising commercial oil and petrol prices and contribute to curbing inflation.

The two ministries review fuel prices every 15 days to adjust the prices in accordance with fluctuations on the world market.

Source: VNA