The retail price of petrol was reduced by 260 VND to 20,120 VND (93 US cents) per litre starting from 3pm of July 20, in the wake of falling global fuel prices, the Ministry of Industry and Trade (MOIT) said.
The price of biofuel E5 RON 92 was reduced by 425 VND to 19,625 VND (90 cents) per litre, while the price of diesel has come down by 1,112 VND to 14,681 VND (67 cents) per litre.
The price of kerosene was reduced by 1,128 VND per litre to 13,750 VND (63 cents), while that of mazut was reduced by 872 VND per kilo to 11,434 VND (52 cents) per kilo.
In addition, MOIT and the Ministry of Finance said in a joint statement that they had decided to keep the petrol price stabilisation fund unchanged.
Statistics from MOIT show that petrol prices have been increased four times and reduced three times so far this year. The largest hike was on May 5, when the price increased by 1,950 VND (9 cents) per litre. The four price hikes have increased the price of petrol by a total of 5,040 VND (23 cents) per litre since last year. The three price cuts, meanwhile, reduced the petrol price by a total of 2,540 VND (11 cents) per litre.-VNA
The price of biofuel E5 RON 92 was reduced by 425 VND to 19,625 VND (90 cents) per litre, while the price of diesel has come down by 1,112 VND to 14,681 VND (67 cents) per litre.
The price of kerosene was reduced by 1,128 VND per litre to 13,750 VND (63 cents), while that of mazut was reduced by 872 VND per kilo to 11,434 VND (52 cents) per kilo.
In addition, MOIT and the Ministry of Finance said in a joint statement that they had decided to keep the petrol price stabilisation fund unchanged.
Statistics from MOIT show that petrol prices have been increased four times and reduced three times so far this year. The largest hike was on May 5, when the price increased by 1,950 VND (9 cents) per litre. The four price hikes have increased the price of petrol by a total of 5,040 VND (23 cents) per litre since last year. The three price cuts, meanwhile, reduced the petrol price by a total of 2,540 VND (11 cents) per litre.-VNA
