Fuel retail prices increased by VND600 per liter and diesel oil rose by VND470 last Friday although the Ministries of Industry-Trade and Finance allowed trading firms to tap the fuel price stabilization fund.
The two ministries issued a joint decision permitting a domestic fuel price hike. A92 gasoline inched up to VND17,020 per liter while E5-A92 edged up by VND570 to VND16,810 per liter.
Diesel oil leapt to VND13,790 and kerosene grew by VND460 to VND12,390 per liter. Fuel import prices in the 15-day period from July 20 had risen compared to the 15 previous days.
The two ministries also allowed wholesalers to use the fuel price stabilization fund to prevent a bigger retail price spike. For A92 petrol and kerosene, they can get VND110 a liter, E5-A92 VND90 and diesel oil VND70.
On July 20, fuel prices rose by VND270-370 a liter due to an increase in global fuel prices. - Source: SGGP -