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Ho Chi Minh City
Tuesday, May 30, 2023

Local fuel prices inch up

The Saigon Times

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HCMC – Retail prices of fuels were revised up at 3.00 p.m. today, March 13, according to an announcement jointly released by the ministries of Industry-Trade and Finance.

RON95 gasoline is now priced at VND23,810 per liter, up VND490 per liter, while E5 RON92 bio-gasoline sells for VND22,800 per liter, rising by VND380 per liter, the local media reported.

The retail prices of diesel oil and kerosene picked up VND250 and VND240 at VND20,500 and VND20,710 per liter, respectively. Each kilogram of heavy fuel oil is capped at VND15,270, up VND720 per kilogram.

During this fuel price adjustment, the two ministries decided to impose a surcharge of VND300 on each liter of gasoline, kerosene and diesel oil sold to replenish the national fuel price stabilization fund.

Since the start of the year, petrol prices have been adjusted eight times, with five increases and two cuts.

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