Petrol price drops on global decline

Friday, April 19, 2013 11:24

Fuel distributors in Vietnam on April 18 reduced the retail price of92-octane petrol by 1.7 percent to 23,640 VND (1.13 USD) per litre andtrimmed prices of several other oil products, the second cut in lessthan 10 days.

The price of diesel will drop 0.47percent to 21,350 VND per litre as of 7pm, and kerosene will also ease0.93 percent to 21,400 VND a litre.

Global oil priceshave been easing since April 9 when Vietnam made its previous retailprice cut, the finance and the trade ministries said in a jointstatement.

Brent crude oil futures had fallen by around10 percent in April, but were trading up 1.14 USD at 98.83 USD perbarrel on April 18 morning after hitting a nine-month low of 96.75 USD.-VNA

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