RON95 gasoline was sold at VND23,440 ($0.99) per liter starting 3 p.m., down 1.35% from a week ago.

Biofuel E5 RON92's price went down 1.23% to VND22,540.

An employee pumps gasoline into a motorbike in Ho Chi Minh City.

Diesel dropped 3.2% to VND28,860, its second decline in a row.

The Ministry of Industry and Trade and Ministry of Finance, which are in charge of adjusting fuel retail prices, said that average diesel prices in the last 10 days plunged 5% globally, while gasoline prices only dipped marginally.

They added that the costs of delivering fuel from foreign sources to Vietnam and from refineries to ports were factored in to retail prices Tuesday.

Many retailers had recently demanded that the government should fix a minimum commission of 5-6% of retail price of petroleum products so that they do not have to sell at a loss.

But the Ministry of Planning and Investment opposed this when recently asked for its opinion on a bill on fuel management of the Ministry of Industry and Trade.

Petrol prices increase slightly under latest adjustment

The retail prices of petrol were increased in the latest adjustment on January 3 by the Ministry of Industry and Trade and the Ministry of Finance.

Petrol prices down by 1,500 VND per litre under latest adjustment

The retail prices of petrol were reduced further in the latest adjustment on December 12 by the Ministry of Industry and Trade, and the Ministry Finance.

Petrol prices continue to drop

Petrol prices continued to decrease in the latest adjustment made on December 1, by the Ministries of Industry and Trade, and Finance.

Petrol prices record third consecutive increase

Retail prices of oil and petrol recorded the third consecutive increase from 3pm on November 1, following the latest adjustment by the Ministries of Industry and Trade, and Finance.

Petrol prices up in latest adjustment

Retail prices of oil and petrol increased starting from 3pm on October 11, following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

Source: VnExpress