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Petrol price cut once more

Released at: 11:36, 19/11/2015

Petrol price cut once more

Tenth cut this year applicable from November 18.

by Hoai An

Retail petrol prices were cut again from 3pm on November 18 under a document sent to petroleum enterprises by the Ministry of Industry and Trade and the Ministry of Finance.

The price of RON 92 was cut by VND178 ($0.01) per liter to VND17,045 ($0.76) while the price for E5 came down by the same amount to VND16,559 ($0.74).

Diesel was left unchanged while the price of kerosene rose by VND124 ($0.01) to VND12,647 ($0.57) and the Mazut price by VND83 ($0.003) to VND9,488 ($0.42).

Prices have increased six times, totaling VND5,840 ($0.26) per liter, since the beginning of the year and fallen ten times by a total of VND6,670 ($0.3).

According to the Ministry of Industry and Trade the cuts bring prices in line with global prices and will reduce input costs for enterprises and support the daily lives of local people.

Product

Former retail price

New retail price

RON 92

VND17,232 ($0.77)

VND17,045 ($0.76)

E5

VND16,737 ($0.75)

VND16,559 ($0.74)

Diesel 0,05S

VND13,513 ($0.61)

VND13,513 ($0.61)

Kerosene

VND12,523 ($0.56)

VND12,647 ($0.57)

Mazut

VND9,571 ($0.43)

VND9,488 ($0.42)

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