The retail price of petrol has seen its first cut in 2015, slashed by VND310 per litre as of 16:30 on January 6, announced the Vietnam National Petroleum Group (Petrolimex).
The retail price of petrol has seen its first cut in 2015, slashed by VND310 per litre as of 16:30 on January 6, announced the Vietnam National Petroleum Group (Petrolimex).
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| RON92 is currently sold at VND17.570 per litre, the lowest rate in four years. (vietnamplus.vn) |
After the reduction, the new retail prices for RON92 and biofuel E5 are VND17,570 per litre.
In the meantime, a litre of diesel and kerosene were cut by VND360 and VND290 to VND16,630 and VND17,110, respectively.
The Ministry of Finance has decided to raise import duties on petroleum products by 8%, and by 7% and 9% respectively for diesel and kerosene. Thus, the new rates for petrol and kerosene are now at 35%.
In 2014, petrol prices were increased five times and cut twelve times since July with a total reduction of VND7,769 per litre.
(Source:Nhan Dan)
