Under the statement, fuel traders are allowed to raise the price of RON95-III and E5 RON92 petrol by VND290 per litre to VND21,770 and by VND320 per litre to VND20,231. 

This is the second petroleum price hike in September after the prices were kept unchanged for two previous months 

Price of diesel oil 0.05S will be increased by VND57 per litre to VND18,126. Meanwhile, the price of kerosene will be raised by VND124 per litre to VND16,683.

This is the second petroleum price hike in September after the prices were kept unchanged for two previous months.

Earlier on September 6, the petroleum prices were also slightly raised.

At present, retailers are allowed to tap VND1,563 from the price stabilisation fund for each litre of E5 RON92 sold and VND960 for each litre of RON95 petrol. For diesel oil and kerosene, retailers get VND400 per litre and VND300 per litre, respectively.

Explaining the rise in retail fuel prices and the excessive use of the fund, the competent agencies noted that the prices of imported fuels recently had skyrocketed, alongside fluctuations in the exchange rate between the US dollar and the Vietnamese dong.