According to the adjustment of the Ministry of Industry, Trade and Finance, from 3:00 p.m. on February 22, gasoline prices of all types decreased by more than 300 VND/liter. The price of diesel oil decreased by more than 400 VND/liter.

At the executive session on February 22, the inter-ministries decided to set aside the Petroleum Price Stabilization Fund for fuel oil at 300 VND/kg, not to set aside the BOG Fund for E5RON92 gasoline, RON95 gasoline, and diesel oil. and kerosene. Do not use the Gasoline Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene oil, and diesel oil.

After setting up and spending the Petroleum Price Stabilization Fund for the above petroleum products, the selling prices of popular consumer petroleum products on the market are as follows:

- E5RON92 gasoline: not higher than 22,475 VND/liter (down 356 VND/liter compared to the current base price), 1,124 VND/liter lower than RON95-III gasoline;

- RON95-III gasoline: not higher than 23,599 VND/liter (down 320 VND/liter compared to the current base price);

- Diesel oil 0.05S: not higher than 20,910 VND/liter (down 451 VND/liter compared to the current base price);

- Kerosene: not higher than 20,921 VND/liter (down 300 VND/liter compared to the current base price);

- Madut oil 180CST 3.5S: not higher than 15,929 VND/kg (an increase of 23 VND/kg compared to the current base price).

The application time for setting up funds as well as retail prices applies from 3:00 p.m. on February 22.

Source: Vietstock