The price of petrol is kept unchanged on the latest regular adjustment of petrol and oil prices on August 28.
The Ministries of Industry and Trade and Finance reduced prices of petrol products from 15:00 on April 5.
Retail prices of RON 92 petrol and E5 bio-fuel increased by VND304 and VND301 per litre, respectively, from 7:00 pm on December 5, according to the Ministries of Industry & Trade and Finance.
The retail prices of RON 92 petrol and E5 bio-fuel increased by VND243 and VND239 per litre, respectively, from 3:00pm on May 20.
With global oil prices repeatedly falling, many major oil and gas businesses in Vietnam are taking all possible measures to maintain profitable operations.
Vietnam's economic growth will slow down by 1.36 percentage points next year from this year's estimate of 6.5% if crude oil prices slump to US$30 per barrel as recently forecast by international analysts.
The country's crude oil export value had fallen sharply by nearly US$2.5 billion in January-August 15 due to the slumping oil price globally, according to the General Department of Customs.
State-run Petrovietnam oil and gas group (PVN) plans to sell a 49 percent stake in its Dung Quat oil refinery to three foreign partners.
Oil rose on January 12 after production shutdowns, falling US inventories and growing demand sent Brent crude toward US$100 a barrel for the first time since 2008.