From 15h on May 23, 2022, the petrol price will increase for 4 consecutive times in Vietnam

From 15h on May 23, 2022, the petrol price will increase for 4 consecutive times in Vietnam (illustration)

1. Petrol and oil prices from 3:00pm on May 23, 2022

Official Dispatch No. 2738/BCT-TTTN provides for the selling price of popular consumer petroleum products on the market after 3:00pm on May 23, 2022 as follows:

- E5RON92 petrol: not exceeding VND 29,639/liter (increasing VND 680/liter compared with current retail prices);

- RON95-III petrol: not exceeding VND 30,653/liter (increased VND 670/liter as compared with current retail prices);

- 0.05S diesel oil: not exceeding VND 25,550/liter (decrease VND 1,100/liter as compared with current retail prices);

- Jet fuel: not exceeding VND 24,400/liter (reducing VND 760/liter from current retail price);

- mazut oil, 180CST 3.5S: not exceeding VND 20,590/kg (reducing VND 970/kg from current retail prices).

2. Level of appropriation and use of Price stabilization fund

According to the Official Dispatch No. 2738/BCT-TTTN, the Ministry of Industry and Trade decides to appropriate the Price Stabilization Fund for petrol and oil products as follows:

- E5RON92 petrol: VND 0/liter; and

- Gasoline RON95: VND 0/liter; and

- Diesel oil: VND 300/liter;

- kerosene: VND 300/liter;

- Fuel oil: 400 dong/kg.

At the same time, spendings on the use of the petrol and oil BOG fund:

- E5RON92 petrol: VND 100/liter; and

- Gasoline RON95: 300 dong/liter; 60 dong/liter

- Diesel oil: VND 0/liter; VND 0/liter

- kerosene: VND 0/liter; VND 0/liter

- Fuel oil: VND 0/kg.

Official Dispatch No. 2738/BCT-TTTN dated May 23, 2022.

Nhu Mai

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