VINACHEM

HA NOI (VNS)— The ministries of Finance and Industry and Trade required petrol retailers to slash their price by VND300 per litre from 8 pm yesterday.

Meanwhile, Mazut was also asked by the two ministries to be priced down by VND257 per litre.

This is the first time this month that fuel prices in Viet Nam were lowered. The price of A92 petrol will now be sold at VND24,270 per litre. On July 17, petrol prices hit a record high of VND24,570 per litre. Since the beginning of this year, domestic petrol price have increased four times and decreased three times. — VNS