HA NOI – The retail price of petrol was slashed by
VND800 (US$4 cents) to VND21,900 ($1.1) per litre at 2pm today in
accordance with the continuous drop in world prices, the Ministry of
In addition, the price of diesel and gasoline was cut by VND700 per litre to VND20,400 and Mazut by VND650 to VND18,250 per kg.
This is the third petrol price reduction of the
year after prices were raised twice in March and April at a total of up
to VND3,000 (14 cents) per litre. The first and second petrol price
reduction came to VND500 and VND600 in May.
The ministry said the reduction aims to ensure
the rights and interests of consumers, the State and enterprises. On
June 4, the import price of A92 petrol was cut to $104.91 per tank, a
reduction of $22-24 compared with one month ago, while gasoline fell by
$109.91 per tank. Prices were reported to have fallen since the end of
The import tax on petrol has been increased by 4
per cent, diesel by 3 per cent, while gasoline and mazut by 5 per cent.
The ministry said the continuous reduction of the world petrol price is a
favourable condition to recover import tax while lovering domestic
The ministry proposed to offer VND300 per litre in support from the Price Stabilisation Fund. -- VNS