Vietnam cuts retail fuel prices on August 6
Hanoi, Aug. 6 -- Retail prices of all major fuel products were adjusted from 3pm on August 6, lowering gasoline and fuel oil prices while raising diesel prices, according to a joint decision by the Ministry of Industry and Trade, and the Ministry of Finance. The price stabilisation fund was also replenished during the latest pricing period. Under the decision, the Ministry of Industry and Trade, and the Ministry of Finance set aside 200 VND per litre for biofuel into the Petroleum Price Stabilisation Fund, financed through a temporary advance from the state budget. No disbursement was made from the fund.
The maximum retail price of E5RON92 biofuel was reduced by 1,160 VND to 21,728 VND (0.83 USD) per litre, while that of E10RON95-III fel...
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