The Vietnam National Petroleum Group (Petrolimex) reduced the retail prices for a number of fuel types on 11:00 on November 7.

Accordingly, three petrol types saw a reduction of 950 VND per litre, including RON 95, which is now priced at 21,990 VND, and RON 92 and E5 bio-petrol, which now both cost 21,390 VND.

Meanwhile, diesel prices enjoyed a reduction of 520 VND per litre. 0.05S now costs 19,240 VND per litre, while 0.02S diesel is priced at 19,190 VND.

Fuel oil (FO) now stands at 15,570 VND to 16,040 VND per kilogramme, a reduction of 900 VND.

This is the 9th time Petrolimex has slashed its fuel prices since the end of July 2014.

On the same day, the Ministry of Industry and Trade announced its Dispatch No. 11088/BCT-TTTN on fuel price management, raising the limit for the use of the price stabilisation fund from 300 VND to 600 VND per litre/kilogramme.-VNA