Petrol prices fall for fourth time in a row this year

Petrol prices have reduced for the fourth consecutive time this year by VND961 to VND13,752 a liter of Ron 92 since 3p.m. Yesterday in line with instructions by the Ministry of Industry and Trade and the Ministry of Finance.

(Photo: SGGP)

The price of ethanol gasoline blend E5 slid VND942 to VND13,321 a liter.

Oil prices remain unchanged. However there is some change in businesses’ contribution level to the price subsidization fund now. Specifically they are required to contribute VND539 a liter of diesel sold, VND589 a liter of kerosene and VND35 a kilogram of mazut.

That was the fourth time in a row of petrol price cut this year. The latest time was on February 3 when it dropped VND730 a liter.

By Ngoc Quang – Translated by Hai Mien

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