Oil, petrol prices increase slightly

10:37 | 06/06/2017 Society

The Ministry of Industry and Trade, and the Ministry of Finance have decided to increase prices of oil and petrol products from 3:00 pm on June 5.

Illustrative image - Source: VNA

Accordingly, the prices of RON 92 rose by 303 VND per liter, E5 bio-petrol by 283 VND per liter, diesel 0.05S by 225 VND per liter, and kerosene by 326 VND per liter.

This is the third hike in petrol prices in 2017 with a total increase of about 1,150 VND per liter.

Petrol prices have also reduced four times this year with a total decline of around 1,300 VND per liter.

The ministries said RON 92 is sold at no more than 17,366 VND per liter, while the ceiling prices of E5 bio-petrol, diesel 0.05S and kerosene are 17,154, 13,485 VND, and 12,118 VND, respectively.

The average global price of oil and petrol during the last 15 days before June 5 was 62.937 USD per barrel for RON 92 and 61.856 USD for diesel.

Theo VNA