The prices of all petrol and oil will be kept unchanged in the latest regular adjustment of petrol and oil prices on February 3.

 

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

 

The changes took effect from 15:00 on February 3.

 

Meanwhile, the two ministries also decided to adjust the price stabilisation fund for E5 bio-fuel at 1,141 VND per litre while the use of the fund for diesel was 678 VND per litre.

 

The Ministries of Industry-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 February 3 was at 78.039 USD per barrel for RON 92 and 81.978 USD for diesel. 

 

The two ministries decided to maintain the petrol prices to support production of domestic firms prior and control inflation to 2018 Lunar New Year.

 

In 2017, petrol and oil prices were adjusted 24 times, including nine hikes and nine drops.-VNA