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The price for diesel was slashed by 8% to VND 16,990 per kilogram and that of mazut was reduced to VND 13,130 per kilogram. Kerosene now costs VND 17,400 per kilogram, down 8% from earlier.
Petrol wholesalers are allowed to expand the price stabilization fund by extracting VND 800 per liter or kilogram for all types of fuel.
After 13 consecutive cuts, total petrol price was reduced by VND 7,760 per liter; followed by diesel, VND 5,830; mazut, VND 5,560 per kilogram; and kerosene, VND 5,550 per kilogram.
Petrolimex also announced that the retail gasoline prices fell to a four-year low following the global downward trend./.
By Khanh Phuong