The Vietnamese Ministry of Industry and Trade has slashed fuel prices for the tenth time this year, and the second within a fortnight, with the latest cut taking effect 11:00 am today, November 22.
RON 92 gasoline, the most popular petrol in Vietnam, lost VND1,140 a liter to go from VND21,390 to VND20,250 a liter, the lowest since 2011.
The respective price cuts for diesel oil, kerosene, and fuel oil are VND585 a liter, VND459 a liter, and VND536 a kg.
Diesel oil now sells at VND18,657 a liter, kerosene VND19,250 a liter, and fuel oil VND15,141 a kg.
The average price of RON 92 gasoline from November 7 to 21 dropped to only $87.659 a barrel, according to the trade ministry.
Vietnam has released ten price cuts since the start of this year.
On November 7, the trade ministry slashed fuel prices by VND360-950 a liter.
A92 gasoline prices have decreased by a total of VND5,390 a liter following ten drops.
Current regulations stipulate that Vietnam’s fuel prices can only be adjusted within a 15-day interval based on the price development of the global market, especially in Singapore, the country’s main source of fuel imports.
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Đăng ký: VietNam News