VINACHEM

The retail prices of RON 92 petrol and E5 bio-fuel increased by VND243 and VND239 per litre, respectively, from 3:00pm on May 20.

Following a joint decision issued by the Ministries of Industry and Trade and Finance, diesel 0.05S price rose by VND277 per litre while that of kerosene gained VND192 per litre.

This was the fourth hike in fuel prices this year with a total increase of more than VND2,000 per litre.

Accordingly, the ceiling prices of RON 92 and E5 bio-fuel are VND15,829 per litre and VND15,315 per litre while the maximum prices of diesel and kerosene are kept at VND11,300 per litre and VND9,647 per litre.

The average global price of RON 92 from May 5 to May 19 was US$54.873 per barrel, up US$1.2 while that of diesel 0.05S was US$53.734 per barrel, up US$1.7, the ministries said.