Further cut in petroleum prices announced
The Vietnam National Petroleum Group (Petrolimex) cut its retail prices for a number of fuel types nationwide from 18:00 on October 23.
Accordingly, three petrol types saw a reduction of VND550 per litre, including RON 95 now priced VND22,940, and RON 92 and E5 bio-petrol, VND22,340.
Meanwhile, diesel prices enjoyed slighter cut of between VND440-480 per litre. 0.05S was charged VND19,760 per litre, while 0.02S diesel fuel cost VND19,710. Kerosene price was also declined to VND20,060 per litre.
This was the 20th time Petrolimex has adjusted its fuel prices since the beginning of 2014.
This time’s price slash made RON 95 and RON 92 petrol prices go down by VND1,770 and VND1,870 in January-October.
The Ministry of Finance reported that fuel prices in the world market continuously declined during the one-month period from September 23-October 22.