It was the second cut of the month as global prices fell
The popular grade RON 92 now retails at VND15,960 a liter
Popular products have prices adjusted down by around 2 percent
Some taxi companies have promised lower rates, but many others seem reluctant
The popular grade 92-RON now retails at an equivalent of 60 US cents
Fuel has become much cheaper following sharp declines in oil prices
The move comes after the finance ministry ordered transport firms to take into account cheaper fuel costs
This is the second cut at the pumps this month
The move came after declines in the global oil market in late December
Pump prices have fallen 6 percent over the past year
Fuel giant Petrolimex is not concerned after posting a huge profit in the first six months
Local consumers woke up this morning and found a not very pleasant surprise
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The nearly 11-percent cut brings the most popular gasoline grade to US$0.74 per liter.