Petrol, diesel prices fall in August 27 adjustment
Petrol and diesel prices were reduced from 15 p.m. on August 27 following the latest adjustment by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance.
On August 27, the Ministry of Industry and Trade (MoIT) and the Ministry of Finance announced a reduction in petrol and diesel prices. E5 RON92 biofuel was capped at VND21,763 (US$0.83) per liter, a decrease of VND70 from the previous price. E10 RON95-III was set at no more than VND22,602 per liter, a reduction of VND66. The price of 0.05S diesel was adjusted to no more than VND28,084 per liter, a drop of VND311.
Meanwhile, the price of mazut 180CST 3.5S increased by VND451 to VND18,140 per liter. The MoIT will work with relevant agencies to ensure traders meet their obligations to maintain sufficient fuel supplies for the domestic market, with strict enforcement for any violations detected. Both ministries will continue to monitor global market conditions and adjust domestic fuel prices as necessary, also proposing additional price stabilization measures to the government and the Prime Minister when required.
No contributions or disbursements from the Fuel Price Stabilisation Fund were made in the latest adjustment.
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