Retail prices of gasoline and oil decreased by 105 - 162 VND per liter or kg, starting from 3:00 p.m. on July 27.

The Ministry of Industry and Trade - Finance has just sent a dispatch to key gasoline and oil traders regarding the management of gasoline and oil trading. Accordingly, the selling prices of gasoline and oil products will be adjusted down from 3:00 p.m. on July 27.

Specifically, E5 RON92 gasoline decreased by 112 VND/liter compared to the current price, the selling price is not higher than 20,498 VND/liter. RON95-III gasoline decreased by 102 VND/liter, not higher than 21,681 VND/liter.

Meanwhile, the selling price of 0.05S diesel is no higher than VND16,375/liter, down VND162/liter compared to the current price.

Kerosene price is no higher than VND15,398/liter, down VND105/liter. Fuel oil price is no higher than VND15,522/kg, down VND148/kg.

During this adjustment period, the operator will set aside the Price Stabilization Fund for diesel at VND200/liter, kerosene at VND300/liter, and fuel oil at VND300/kg.

At the same time, the fund will be used for E5 RON92 gasoline at VND1,250/liter and RON95 gasoline at VND300/liter. Diesel, kerosene, and fuel oil will not be used.