Ron 92 gasoline price hiked VND434 a liter to VND18,580 while ethanol gasoline blend E5  increased VND385 a liter to VND18,243.

Diesel was up VND408 to VND15,019 a liter, kerosene up VND419 to VND13,617 a liter and mazut up VND473 to VND12,382 a kilogram.

The two ministries required businesses to keep contribution levels to the price subsidization fund unchanged at VND600 a liter of mineral and E5 gasoline, VND300 a liter of diesel, VND40 a liter of kerosene and VND270 a kilogram of mazut.

Previously, Ron 92 gasoline price increased VND271 a liter while E5 gasoline surged VND224 a liter on November 4. Oil products also moved up by VND199-265 a liter or kilogram.