Business
Petrol prices drop
  • | dtinews.vn | November 07, 2018 08:47 AM
The retail price of biofuel E5 RON 92 was cut by VND1,082 per litre from November 6, according to a report from the Ministries of Industry and Trade and Finance.

The reduction has made biofuel E5 RON 92 price sold at a maximum of VND19,600 per litre. 

    

The retail price of biofuel E5 RON 92 was cut by VND1,082 per litre from November 6


Meanwhile, the price of RON 95-III fell by VND1,138 to a maximum of VND21,065 per litre.

The prices of diesel 0.05S have dropped by VND67 to VND18,544, but kerosene and mazut 180CST prices have remained unchanged at VND17,086 per litre and VND15,694 per kilo respectively.

According to the ministries of industry and trade and finance, in the 15 days before November 6, the global price of RON 92, which is used to produce biofuel E5, averaged USD78.70 per barrel, USD10 a barrel lower than the previous period. RON95 and diesel 0.05S stood at USD80.52 per barrel and USD92.27 per barrel, respectively.

This is the second petrol price decrease following three consecutive increases. Most recently, petrol prices were cut down VND144 - 224 per litre.

So far this year, petrol prices have seen six increases and two decreases. Following this, petrol prices have increased by just VND1,000 per litre.

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