The Ministry of Finance issued an instruction to ask local fuel trading firms in Vietnam to cut the fuel prices no sooner than 3PM yesterday.
As per the Ministry of Industry and Trade’s decision, petrol price slightly reduced. For instance, the petrol price of A92 petrol is now sold at VND14,713 a liter; Bio-fuel E5 RON 92 (E5 RON 92 petrol) fetches VND14,263 a liter; kerosene VND21,300; DO oil VND21,250; and FO oil VND18,750.
Price of various oil also reduced yesterday; for instance, diesel price was cut VND627 a liter and sold at VND9,580; and mazut oil slightly decreased standing at VND7,225 a kilogram..
This is the third time the fuel prices in Vietnam were lowered since the beginning of the year 2016. from June, 2015, the petrol price has been adjusted 15 times with decrease of VND6,000 a liter.