Petrol prices remain unchanged, says ministry

Domestic retail prices for petrol and oil will not change as financial assistance for the price stabilisation fund diminishes, the Ministry of Finance (MoF) has said.

It asks petroleum trading wholesalers to hold oil and petrol prices at VND20,800 per litre for RON 92 and VND21,300 per litre for RON 95.

Financial assistance for the petrol price stabilisation fund will be reduced from VND550 per litre to VND300 per litre of petrol.

The price stabilisation fund for diesel will be reduced from VND1,000 to VND690 per litre, kerosene from VND900 to VND440 per litre, and mazut from VND950 to VND740 per kilo.

The announcement took effect on December 27.

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