Fuel distributors in Vietnam on April 18 reduced the retail price of 92-octane petrol by 1.7 percent to 23,640 VND (1.13 USD) per litre and trimmed prices of several other oil products, the second cut in less than 10 days.

The price of diesel will drop 0.47 percent to 21,350 VND per litre as of 7pm, and kerosene will also ease 0.93 percent to 21,400 VND a litre.

Global oil prices have been easing since April 9 when Vietnam made its previous retail price cut, the finance and the trade ministries said in a joint statement.

Brent crude oil futures had fallen by around 10 percent in April, but were trading up 1.14 USD at 98.83 USD per barrel on April 18 morning after hitting a nine-month low of 96.75 USD.-VNA