Retail petrol prices were cut for the first time in 2015, decreasing by 310 VND per litre from 16:30 of January 6, according to the Vietnam National Petroleum Group (Petrolimex).

After the reduction, petrol RON95 is charged 18,170 VND (0.85 USD) per litre, while petrol RON92 and bio-fuel E5, a mixture of 95 percent petrol and 5 percent ethanol, cost 17,570 VND a litre.

Meanwhile, a litre of diesel and kerosene were cut by 360 VND and 290 VND to 16,630 VND and 17,110 VND, respectively.

I n 2014, petrol prices were increased five times and cut twelve times since July with a total reduction of 7,769 per litre VND.-VNA