Consumers hit as electricity prices rise in August
Costly electricity increases pressure on consumers already grappling with higher costs of...
On August 20, the Vietnamese government raised petrol and diesel prices. From 3 p.m., retailers were required to sell E5RON92 petrol for a maximum of VND21,833 per liter, a rise of VND598 from the previous price. E10RON95-III petrol could be bought for up to VND22,668 per liter, a VND549 increase. 0.05S diesel's ceiling price rose by VND1,310 to VND28,543 per liter. The price of 180CST 3.5S mazut went up by VND933 to VND17,689 per kilogram.
The Ministries of Industry and Trade and Finance made these adjustments independently. They did not contribute to or draw from the petrol price stabilization fund. The government will monitor fuel supply and hold traders accountable for adequate supplies. They will also consider measures to stabilize fuel prices.
The global market for petroleum products was impacted by the US-Iran peace talks, the halted oil shipments through the Strait of Hormuz, and increasing Middle Eastern tensions. These issues caused global refined petroleum prices to fluctuate in recent days, though overall prices trended upward. In Vietnam, petrol and diesel prices remain relatively low compared to neighboring countries like Thailand, Laos, Cambodia, and China.
Written by urgent.news from SGGP English Edition Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Petrol, diesel prices increase on August 20 en.sggp.org.vn
