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Sunday, November 29, 2020

Local fuel prices fall slightly

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HCMC – Retail prices of RON95 gasoline, diesel oil and kerosene in the local market edged down by VND50-VND90 per liter, while those of bio-fuel E5 RON92 and heavy fuel oil remained unchanged as of 3 p.m. yesterday, August 12.

RON95 gasoline, diesel oil and kerosene now sell at VND14,920, VND12,200 and VND10,200 per liter, respectively, while the current prices of bio-fuel E5 RON92 and heavy fuel oil are VND14,400 per liter and 11,180 per kilogram, respectively.

The ministries of Industry and Trade and Finance said in an announcement issued recently that the extraction rates to replenish the fuel price stabilization fund were the same as they were during the previous fuel price adjustment.

The extraction level for each liter or kilogram of bio-fuel E5RON92, RON95 petrol, diesel oil, kerosene and heavy fuel oil sold is VND100, VND200, VND500, VND300 and VND300, respectively.

However, local fuel wholesalers were allowed to take VND932 from the fund for each liter of bio-fuel E5 sold to consumers. They can also get VND479, VND100 and VND300 from the fund for each liter or kilogram of RON95 gasoline, kerosene and heavy fuel oil sold.

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