Petrol and oil prices simultaneously decreased from 3:30 pm on February 13, 2023 in Vietnam

Petrol and oil prices simultaneously decreased from 3:30 pm on February 13, 2023 in Vietnam (Internet image)

On February 13, 2023, the Ministry of Industry and Trade of Vietnam issued Official Dispatch 639/BCT-TTTN on petrol and oil businesses. Thus, from 3:30 p.m. on February 13, 2023, petrol prices increased by more than 500 VND/liter.

Official Dispatch 639/BCT-TTTN

1. Prices of petrol and oil products from 15:30 on February 13, 2023 in Vietnam

Specifically, after adjusting the setting up and spending levels for the use of the Petroleum Price Stabilization Fund, the selling prices of popular consumer petroleum products on the market after 3:30 p.m. on February 13, 2023, are adjusted as follows:

- E5RON92 petrol: no higher than 22,869 VND/liter (increase by 540 VND/liter);

- RON95-III petrol: no higher than 23,767 VND/liter (increase by 620 VND/liter);

- 0.05S diesel oil: no higher than 21,562 VND/liter (decrease by 962 VND/liter);

- Kerosene: no higher than 21,594 VND/liter (decrease by 982 VND/liter);

- Fuel oil 180CST 3.5S: no higher than 13,636 VND/kg (decrease by 298 VND/kg).

2. Amount of deduction for petrol and oil price stabilization fund in Vietnam

According to Official Dispatch 639/BCT-TTTN, the level of deduction for setting up the Petroleum Price Stabilization Fund is regulated as follows:

- E5RON92 petrol: 0 VND/liter;

- RON95-III petrol: 0 VND/liter;

- 0.05S diesel oil: 600 VND/liter;

- Kerosene: 200 VND/liter;

- Fuel oil: 200 VND/kg.

The Petroleum Price Stabilization Fund is not in use.

More details can be found in Vietnam's Official Dispatch 639/BCT-TTTN dated February 13, 2023.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE