Gas prices in Vietnam go up for 2nd time in less than a month

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Vietnam allowed the nation's fuel retailers to hike gasoline prices 1.5 percent starting June 28 in response to rising international prices.

The price of 92-RON gasoline, the most common grade used in the country, went up to VND24,110 (US$1.14) from VND23,756 per liter.

The increase was the second since mid-June when prices went up 1.83 percent following a rise in global prices.

Average prices for the last 30 days in international markets have remained "at high levels," standing at $114,50 a barrel, according to a statement on the Ministry of Finance's website. During the same period, global prices of other oil products also went up.

Domestic prices of diesel fuel have gone up 1.77 percent to VND21,850, while the price of kerosene rose 1.41 percent to VND21,600 and the cost of mazut jumped 1.7 percent to VND19,070.   

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