The Ministry of Industry and Trade and the Ministry of Finance announced that the prices of E5 are not higher than VND 18,672 per liter, and those of diesel 0.05S and kerosene should not be higher than VND 15,959 per liter and VND 14,560 per liter, respectively.

leftcenterrightdel
The price of bio-fuel E5 increased by VND 429 while those of diesel 0.05S and kerosene increased slightly by VND 430 and VND 448 per liter on January 19. (Photo for illustration)

The changes took effect from 15:00 on January 19.

The two ministries also decided to keep using the price stabilisation fund for E5 bio-fuel at VND 857 per liter while the use of the fund for diesel was VND 400 per liter, unchanged from the previous adjustment.

The Ministries of Industry and Trade and Finance conducted a review of fuel prices every 15 days to adjust the prices in accordance with fluctuations on the world market.

The average global price of petrol products during the last 15 days to January 19 was at VND 76.243 per barrel for RON 92 and VND 80.214 for diesel.

This is the first increase of the petrol and oil prices in 2018. In 2017, petrol and oil prices were adjusted 24 times, including nine hikes and nine drops.

Source: VNA