Ministry slashes retail price of petrol

The Ministry of Finance has instructed businesses to lower retail price of petrol, effective 7pm, April 18.

Ministry of Finance has instructed businesses to lower petrol prices from April 18 (Photo: SGGP)

Gasoline, diesel and kerosene prices will be trimmed by VND87-408 per liter, though the price of engine oil will remain as it is.

The Ministry has however decided to increase the import tariff on gasoline, diesel and kerosene by two percent to touch 14 percent, 10 percent and 12 percent, respectively.

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By Ngoc Quang – Translated by Hai Mien

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