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Saturday, January 23, 2021

Local fuel prices tick up

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HCMC – Retail gasoline and oil prices in the local market rose VND270-450 per liter starting 3 p.m. today, January 11, according to an announcement jointly issued by the ministries of Industry-Trade and Finance.

The price of E5 RON92 gasoline is now VND15,948 per liter, up by VND430, while that of RON95 gasoline is capped at VND16,930 per liter, up by VND451.

The prices of diesel oil and kerosene are VND12,647 and VND11,558 per liter, up by VND271 and VND370, respectively. Meanwhile, the price of heavy fuel oil remained unchanged at VND12,272 per kilogram.

During the first fuel price adjustment of the year, the two ministries decided not to extract money for each liter or kilogram of bio-fuel E5 RON92, diesel oil, kerosene and heavy fuel oil sold to replenish the fuel price stabilization fund. Meanwhile, the extraction rate for each liter of RON95 petrol is VND100, the same as that during the previous price adjustment on December 26 last year.

However, fuel retailers were allowed to get VND1,100 from the fund for each liter of bio-fuel E5 RON92 sold, VND200 for each liter of RON95 petrol or diesel oil, VND300 for each liter of kerosene and VND181 for each kilogram of heavy fuel oil.

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