Vietnam gasoline prices remain unchanged, diesel oil up
Retail gasoline prices in Vietnam have been left unchanged, while diesel oil climbed by VND80 to VND18,020 ($0.77) per liter on Monday.
A motorcyclist refills at a gasoline station in Hanoi. Photo by The Investor/Trong Hieu.
The current price of RON 95-III is VND22,010 ($0.94) per liter, and E5 RON 92 VND20,870 ($0.89).
Kerosene went up by VND50 to VND17,820 ($0.93) a liter.
To cover the price adjustment, Vietnamese authorities will not use the Fuel Price Stabilization Fund. Instead, they will use provisions for the fund, from VND70 to VND120 for each liter of gasoline and oil.
Vietnam's consumer price index (CPI) in May fell 0.01% from April, according to the General Statistics Office. The major reason was rising food, electricity and water prices due to the prolonged hot weather. Average CPI in the first five months rose 3.55% from a year earlier.
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