Accordingly, the retail price of RON95 fell by 3,088 VND to a maximum of 29,675 VND per litre, while that of E5RON92 bio-fuel was down 3,103 VND to 27,788 VND per litre.

This is the first significant reduction in petrol prices after a series of hike over the past several months.

Meanwhile, the prices of diesel DO 0.05s-II and kerosene dropped by 3,022 VND and 2,008 VND to 26,593 VND and 26,345 VND per litre, respectively.

This is the first significant reduction in petrol prices after a series of hike over the past several months. On July 8, the National Assembly Standing Committee issued Resolution 0/2022/UBTVQH15 on reducing environmental tax on petrol, oil an greases at the proposal of the Government to help curb the rise in domestic fuel prices.

Gasoline prices jump another 2.5 percent

Vietnam gasoline prices set yet another new record Monday after authorities adjusted them upward for the sixth consecutive time.

Lawmakers approve environmental tax cut on gasoline

The Standing Committee of the National Assembly Wednesday approved a government proposal to cut environmental tax on gasoline by half as prices surge.

How Vietnam gasoline prices compare with that of other countries

Gasoline prices have doubled in Vietnam in less than two years to an all-time high, and account for a higher ratio of income than in several neighboring countries.

Gasoline prices surge 10 pct

Vietnam gasoline prices skyrocketed by 10 percent to another new record Friday, after authorities adjusted them upward for the seventh time in three months.

Gas price fluctuations over the last 13 years

Gas prices in Vietnam have more than doubled since 2009 and exceeded their previous peak of 2014 as global rates increase over supply shortages.

Source: VNA