92-RON, the country's most popular gasoline grade, now sells at around VND20,380 (around 93 cents) per liter.
Binh Dinh is all set to pave the way for a planned US$22-billion refinery.
A liter of gasoline now costs VND20,710 (almost 1 US dollar) at the pump.
Consumers suffer while fuel traders continue to gain huge profits, members of the National Assembly say
It is the first break in the domestic fuel prices’ downtrend that started in July last year
The hikes will allow environment tax incomes to double this year, or nearly VND35.6 trillion (US$1.64 billion)
Local consumers woke up this morning and found a not very pleasant surprise
Popular varieties are up by around 11 percent since 9 p.m. Tuesday
The cut aims to stabilize the domestic fuel market ahead of an increase in environment taxes
Rich nations provided around five times as much in export subsidies for fossil-fuel technology as for renewable energy over a decade...
An anticipated increase in fuel costs will make the situation worse, they say
Their car covered 164 km on just 1 liter of fuel.
Prime Minister has promised to keep bio-gasoline E5 cheaper than other products.
The nearly 11-percent cut brings the most popular gasoline grade to US$0.74 per liter.