The retail prices of petrol were reduced further in the latest adjustment on December 21 by the Ministry of Industry and Trade and the Ministry of Finance.
The price of RON 95-III petrol went down 500 VND per litre to 20,700 VND ( 0.87USD) per litre from 3pm on December 21. (Photo: VNA)
Hanoi (VNA) – The retail prices of petrol were reduced further in the latestadjustment on December 21 by the Ministry of Industry and Trade and the Ministry of Finance.
The price of RON 95-III petrol went down 500 VND perlitre to 20,700 VND ( 0.87USD) per litre from 3pm on December 21.
Meanwhile, the retail price of E5 RON 92 decreased by 370 VND to 19,970 VND per litre.
With the price adjustments made on December 21, petrol prices inVietnam are now the same with those in June last.
The prices of oils also went down, with those of diesel oiland kerosene cut by 70 VND to 21,600 VND per litre and 21,830 VND per litrerespectively.
Mazut oil was priced at 12,680 VND per kg, a decline of 150 VND compared to the price adjusted on December 11./.
The Ministry of Finance (MoF) has proposed a reduction of the most favoured nation (MFN) tariff on a number of petrol products widely used in industrial production from 20% to 10% in an attempt to bring down the economy's input cost.
The Ministry of Industry and Trade (MoIT) asked the Ministry of Finance (MoF) and the State Bank of Vietnam (SBV) to review and adjust the cost of importing petrol and oil, standard business costs and profit based on trading realities.
The consumer price index (CPI) posted year-on-year growth of 3.02% in the first eleven months of this year while core inflation rose 2.38%, the General Statistics Office (GSO) revealed on November 29.
The retail prices of petrol were reduced further in the latest adjustment on December 12 by the Ministry of Industry and Trade, and the Ministry Finance.
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The price of RON 95-III petrol went down 500 VND per litre to 20,700 VND ( 0.87USD) per litre from 3pm on December 21. (Photo: VNA) 
