Fuel retail prices kept unchanged

15-Jul-2020 Intellasia | The Saigon Times | 6:02 AM Print This Post

After increasing four consecutive times, retail fuel prices were kept unchanged following the periodical adjustment of fuel prices today, July 13.

E5 bio-fuel and RON95 gasoline now sell for VND14,258 and VND14,973 or less per litre, respectively. Meanwhile, the prices of diesel oil, kerosene and heavy fuel oil are not higher than VND12,114 per litre, VND10,038 per litre and VND10,903 per kilogram, respectively.

Local fuel traders were told to extract VND961 for each litre of bio-fuel E5 RON92 sold to replenish the fuel price stabilisation fund. The extraction rate for each litre or kilogram of RON95 petrol, kerosene, diesel oil and heavy fuel oil sold is VND526, VND167, VND88 and VND254, respectively.

Meanwhile, fuel trading firms are allowed to tap VND100 from the fund for each litre of bio-fuel E5 RON92 sold. They can also get VND200 for each litre of RON95 gasoline, VND500 for each litre of diesel oil and VND300 for each litre or kilogram of kerosene and heavy fuel oil sold from the fund.

The ministries of Finance and of Industry and Trade said global fuel prices tumbled during the 15 days before July 13. Each barrel of RON95 gasoline was priced at $46.679, down 0.34%, while the average price of diesel oil was $49.237 per barrel, up 3.41%.



Category: Economy, Vietnam

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