Petrol prices continue to decrease
In this article (4)
Prices of oil and petrol products continued to decrease from 3pm on Saturday, following the latest price adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
The prices of RON 92 gasoline slightly dropped by VNĐ211 per litre, while that of E5 bio-petrol and diesel oil declined by VNĐ197 and VNĐ343 per litre, respectively.
Following a joint decision by the ministries, RON 92 and E5 bio-petrol will be sold at a maximum price of VNĐ17,063 (US$0.75) and VNĐ16,871 per litre, respectively.
Meanwhile, the new ceiling prices of diesel 0.05S and kerosene are VNĐ13,260 ($0.58) and VNĐ11,792 ($0.52) per litre.
The average global price of RON 92 during the last 15 days until May 20 was $61,084 per barrel, down $1 compared with the previous price adjustment.
The prices of petrol and oil are adjusted every 15 days by the two ministries depending on the changes in the world market.
Questions & Answers
Q.Which government bodies are responsible for adjusting petrol prices in this instance?
Which government bodies are responsible for adjusting petrol prices in this instance?
The Ministry of Industry and Trade and the Ministry of Finance made the latest price adjustment. These two ministries jointly determine the prices of petrol and oil in the market.
Q.What was the previous average global price for RON 92 petrol mentioned in the article?
What was the previous average global price for RON 92 petrol mentioned in the article?
The average global price of RON 92 during the last 15 days until May 20 was $61,084 per barrel. This represents a decrease of $1 compared with the previous price adjustment.
Q.How often are the prices of petrol and oil typically adjusted by the ministries?
How often are the prices of petrol and oil typically adjusted by the ministries?
The prices of petrol and oil are adjusted every 15 days by the two relevant ministries. These adjustments depend on the changes observed in the world market conditions.
Reader pulse
How will petrol price drops impact your retail business?
24,554 votes so far