Vietnam's gas prices hit 7-year low after fourth cut this year

By Manh Quan, Thanh Nien News

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A gas station in Hanoi. Photo: Ngoc Thang A gas station in Hanoi. Photo: Ngoc Thang


The Vietnamese government has ordered local fuel retailers to cut their gasoline prices the fourth time this year the year as global oil prices continue to fall.
The popular grade 92-RON is now sold at VND13,752 (60 cents) per liter, down 6.53 percent. E5, the bio-fuel grade with 5 percent of ethanol, has seen a similar cut to VND13.321 per liter.
Pump prices of diesel and kerosene are unchanged at VND9,580 and VND8,905.
Fuel prices in Vietnam are reviewed for adjustment every 15 days by a joint task force from the Ministry of Finance and the Ministry of Industry and Trade.

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