Petrol prices were reduced in the latest adjustment from 3pm on March 1 by the Ministry of Industry and Trade, and the Ministry of Finance.
The retail price of RON 95-V was cut from 24,740 VND (1.05 USD) per litre to 23,960 VND; the price of RON 95-III was reduced from 23,810 VND per litre to 23,030 while the price of E5 RON 92 were decreased from 22,800 VND per litre to 22,020 VND.
The price of diesel was reduced from 21,706 VND to 20,560 VND per litre and that of kerosene was down from 20,710 VND to 19,460 VND per litre.
Meanwhile, the price of mazut 180CST was also decreased by 800 VND to 14,479 VND per kg.
The two ministries determined to extract 300 VND per litre from the prices of petrol, diesel and kerosene for the petrol price stabilistion fund.