First fuel price hike in the year

The Vietnam National Petroleum Group (Petrolimex), the country’s largest fuel wholesaler, raised the retail price of several fuel varieties as of 15:00 pm on March 11th, the second adjustment and the first rise this year.
March 11, 2015 | 19:46

The Vietnam National Petroleum Group (Petrolimex), the country’s largest fuel wholesaler, raised the retail price of several fuel varieties as of 15:00 pm on March 11th, the second adjustment and the first rise this year.

First fuel price hike in the year

Petrolimex raised the retail price of several fuel varieties as of 15:00 pm on March 11, the second adjustment and the first rise this year. (Photo: VNA)

Accordingly, the prices of petrol RON95 and petrol RON92 jumped VND1,610 (USD0.075) per litre to VND17,880 (USD0.84) and VND17,280 (USD0.81) per litre, respectively, while bio-fuel E5 price increased by VND1,600 per litre to VND16,950 (USD0.8).

Diesel and kerosene prices rose by VND710 (USD0.03) to VND15,880 (USD0.74) and VND16,320 (USD0.76) per litre, respectively.

Mazut now costs VND12,760 (USD0.6) per litre, up VND910 (USD0.042).

The same day, the Ministry of Industry and Trade lowered state subsidies for fuel from the Fuel Price Stabilisation Fund.

For example, subsidies for gasoline RON95 and RON92 were cut by 596 VND per litre to VND1,852 (USD0.087) while those for diesel fell VND462 per litre to VND888 (USD0.041)./.

Erica Stephen

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