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Vietnam Cuts Gas Prices for Second Time in a Row - Vietnam Briefing News

Aug. 28 – Vietnam decreased fuel prices for the second time in a row this month. Gasoline prices will be cut from VND18,000 to VND17,000 a liter while kerosene from VND19,000 to VND18,000.

On August 14, the government cut the price of 92-RON gasoline by VND1,000 a liter in response to dropping world crude prices. Compared to a record US$147.27 a barrel last July 11, crude oil futures have dropped by 21 percent.

According to the New York Mercantile Exchange on Wednesday, contracts for October delivery have risen by as much as 0.6 percent or 68 cents to US$116.95 a barrel.