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Fuel prices lowered as part of largest adjustment since early 2022

Tuesday, 12/07/2022 | 09:38:50 [GMT +7] A  A

Fuel prices decreased by more than VNĐ3,000 (US$0.13) per litre on July 11 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

A driver gets his motorbike refilled at a fuel station.

The price of RON95 fell by VNĐ3,088 to VNĐ29,675 per litre, whereas E5RON92 bio-fuel dropped by VNĐ3,103 to VNĐ27,788 per litre.

The prices of diesel DO 0.05s-II and kerosene were slashed by VNĐ3,022 and VNĐ2,008 to VNĐ26,593 and VNĐ26,345 per litre, respectively.

This was the first significant reduction in petrol prices after a series of hikes over the past months.

On July 8, the National Assembly Standing Committee issued Resolution 0/2022/UBTVQH15 at the Government’s request to reduce the environmental tax on petrol, oil and grease, helping curb the rises in domestic fuel prices.

Source: Vietnam News