Hanoi, Nov. 4 -- The Vietnamese ministries of finance and industry, and trade have ordered a sharp cut in petrol prices, with mazut the exception.

E5RON92 gasoline is sold at 23,203 VND (0.89 USD) per liter, down 1,020 VND per liter from the previous adjustment, and 28 VND per liter below E10RON95-III, which is set at 23,231 VND per liter, down 928 VND per liter.

Diesel 0.05S is priced at 28,876 VND per liter, down 1,370 VND per liter; while mazut 180CST 3.5S is at 23,974 VND per kg, up 378 VND per kg.

For this adjustment, 700 VND per liter will be allocated to the fuel price stabilisation fund for biofuel using an advance from the state budget, while continuing to halt fund disbursements.

The Ministry of Industry and Trade (MOIT) sai...