Diesel up, gasoline unchanged in new price adjustment

Created 08 August 2018
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HCMC – The Ministry of Industry and Trade and the Ministry of Finance issued a joint decision on fuel price adjustment, which came into effect at 3 p.m. today, August 7. The retail prices of diesel oil, kerosene and heavy fuel oil went up by VND205-296 per liter or kilogram, while gasoline prices remained unchanged, said local news reports.

The prices of RON95-III and bio-gasoline E5 RON 92 did not change. The price of the bio-fuel was maintained at the ceiling price of VND19,611 per liter, while the maximum price of RON95-III petrol reached VND21,177 per liter.

Meanwhile, diesel oil 0.05S added VND296 per liter, hitting a new high of VND17,539. The kerosene price picked up by VND205 per liter to reach VND16,379, and the price of heavy fuel oil 3.5S rose by VND257 per kilogram at VND15,013.

During this period of price adjustment, local fuel traders are allowed to tap the fuel price stabilization fund at the rate of VND1,194 for every liter of bio-fuel sold, VND554 for every liter of RON95 petrol and VND70 for every kilogram of heavy fuel oil.

Petrol prices have remained stable for the second consecutive period this year. On July 23, the prices of the bio-fuel, RON95-III and heavy fuel oil were subsidized by the fund to keep them from changing, while the prices of diesel 0.05S and kerosene had dropped by VND213 and VND69 per liter, respectively.

The ministries stated that the fuel price stabilization fund has been continually tapped to minimize the effects of global fuel price hikes on local fuel prices, as well as to help control inflation.

Source: ThesaigonTimes

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