The National Petroleum Corp (Petrolimex) and Military Petrochemical Joint Stock Co (MIPEC) raised their retail oil and petrol prices by VND500 – 1,100 per litre as of 17.00 p.m August 13.

A92 and A95 petrol prices rose VND1,100 to VND23,000 and VND23,500 per litre respectively.

The price of diesel oil, kerosene and heavy oil also increased by VND750 per litre, VND800 per litre and VND500 per kilogram, respectively.

Last week, petrol businesses sent a request to the Ministry of Finance, saying they were suffering a great loss, and asked for a price rise.

Early this month, they raised retail prices for their petroleum products by VND400-900 per litre./.