The Ministry of Industry and Trade and the Ministry of Finance have decided to reduce the retail sale prices of petrol products from 3pm on July 25.
Accordingly, the price of E5RON92 bio-fuel was cut by 274 VND to 21,900 VND (0.87 USD) per litre, while that of RON95-III fell by 294 VND to 22,884 VND per litre.
Meanwhile, the price of diesel 0.05S dropped by 310 VND per litre to 20,194 VND per litre and kerosene is now priced at 20,326 VND per litre, down 338 VND. Mazut oil 180CST 3.5S is sold at 17,178 VND per kg, a decrease of 173 VND.
The two ministries decided not to use the petrol price stabilisation fund.
