Petrol price drops by over 500 VND per litre

The prices of RON 92 petrol and bio-fuel E5 dropped 521 VND and 355 VND per litre respectively, from 3:00 pm on November 19.

Following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance, the prices of diesel 0.05S and kerosene also declined 514 VND and 578 VND per litre respectively.

Under the joint decision, RON 92 and E5 petrol is sold at no more than 16,371 VND (0.726 USD) and 16,221 VND (0.719 USD) per litre respectively, while current ceiling price of diesel 0.05S and kerosene are 12,509 VND (0.555 USD) and 10,965 VND (0.486 USD) per litre.

The ministries also decided to keep retailers’ contribution to the Petroleum Price Stabilisation Fund unchanged and give them a subsidy of 0 VND per litre.

It was the first decrease in fuel prices in recent months after six consecutive hikes.

It also marked the 22nd adjustment this year, with 11 increases bringing prices up by a total 5,000 VND (0.221 USD) per litre, nine cuts with a total amount of 4,463 VND (0.198 USD) per litre and two times unchanged.-VNA

Other news

Most view

Deputy PM Hue visits a flower cooperative in Lam Dong (Photo: SGGP)

Vietnamese gov’t to finance cooperatives

Cooperatives have so far grown contributing 5.6 percent to the country’s Gross Domestic Product, said participants at a conference in Hanoi yesterday; accordingly, Deputy Prime Minister Vuong Dinh Hue proposed financing them.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market