Vietnam cuts gas prices again

By Chi Hieu, Thanh Nien News

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A gas station in Hanoi. Photo: Ngoc Thang/Thanh Nien A gas station in Hanoi. Photo: Ngoc Thang/Thanh Nien


Vietnam on Wednesday reduced fuel prices by around 4 percent as the global downtrend continued.
With the second price cut of the month, the popular gasoline grade 92-RON is now sold at VND15,303 (67 US cents) per liter, down VND665.
The Ministry of Finance and the Ministry of Industry and Trade are tasked with reviewing pump prices for adjustment after every 15 days.
The bio-fuel grade E5's price has been cut by VND604 per liter to VND14,843 (65 cents).
Diesel and kerosene have stayed unchanged, retailing at VND12,298 (54 cents) and VND10,667 (47 cents) per liter.
In Singapore, Vietnam's major import source, 92-RON dropped around 9.8 percent to $50.14 per barrel in the past 15 days, according to the ministries.
Vietnam has made seven cuts and five hikes to retail fuel prices this year.

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