Vietnam gas prices go down for second time in two weeks

The popular 92-RON gasoline now retails at VND15,677 (US$0.74) per liter. Photo: Ngoc Thang

Vietnam’s fuel traders on Wednesday afternoon lowered the retail price of gasoline for the second time this year amid falling global oil prices.

The 8-percent cut came right after a joint order from the Ministry of Finance and the Ministry of Industry and Trade.

The most commonly used fuel grade in Vietnam, 92-RON gasoline, now retails at VND15,677 (US$0.74) per liter.

The diesel price is also down to VND15,179 ($0.72) per liter, kerosene’s to VND15,620 ($0.73) per liter.

Vietnam’s fuel prices are still set and monitored by the government.

The last price cut was made on January 6, 2015.

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