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Petrol price up VND2,900 per liter
The price of petrol (A92) has increased by VND2,900 to VND19,300 per liter since 10 am on Thusday morning, along with increases in prices of diesel, oil and mazut.
The price increase took effect as of 10am on Feb. 24.
The new prices have been made under a decision of the Finance Ministry.
The price of diesel has increased by VND3,600 to VND18,300 per liter, the highest in the past three years.
Meanwhile, a rise of VND3,100 per liter has been applied to oil, which now sells for VND18,200 per liter.
A lower increase in price has been made to mazut, which is now priced at VND14,800 per liter compared with the old price of VND12,690.
Such rates of increase in fuel prices are equivalent to the rates of losses suffered by businesses in the past time, especially after the rise of the interbank rate of US dollar against dong, said the ministry.
Recently, the price of petrol and oil in Singapore has increased sharply. On February 22, the price of A92 petrol rose by US$112 per barrel, while the prices of diesel and oil increased by $123-125 per barrel.
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