The retail prices of gasoline in Vietnam fell by around two percent Friday, the third consecutive drop in gas prices this month.
The Ministry of Finance and the Ministry of Industry and Trade attributed the change to a downward global trend.
State-owned Petrolimex, Vietnam’s leading fuel importer and distributor, reduced the prices of 92-octane (92 RON), the most popular grade of gasoline in Vietnam, and 95-octane (95 RON) by 1.9 percent (VND470) to VND23,740 (US$1.12) and VND24,340 ($1.15) per liter, respectively.
Diesel (0.05 percent sulphur content) fell 0.7 percent to VND21,930 ($1.03) per liter, the firm said in a statement.
Meanwhile, the price of kerosene decreased by 0.8 percent to VND22,070 ($1.04) per liter.
The Ministries of Finance and Industry and Trade ordered the decrease following a drop in world’s oil prices over the last month.
Gasoline prices in Vietnam have seen five hikes and four decreases this year.