Aug. 15 – Vietnam has reduced the price of gas by up to 5.3 percent beginning today. The new prices reflect the drop in world oil prices of more than 20 percent from July.
"The government has ordered us to reduce prices following world price declines," a Petrolimex official told Thanh Nien News.
A 92-octane petrol grade is now sold at VND18,000 per liter, a 5.3 percent decrease from VND19,000 while a 95-octane grade is being sold at VND18,500 per liter from VND19,300.
Oil product importer and retailer, Petrolimex is maintaing diesel at their current prices of VND15,950 per liter.
Vietnam is the region's second-biggest importer of gas and diesel.
About Us
Vietnam Briefing is one of four regional publications under the Asia Briefing brand. It is supported by Dezan Shira & Associates, a pan-Asia, multi-disciplinary professional services firm that assists foreign investors throughout Asia, including through offices in Hanoi, Ho Chi Minh City, and Da Nang in Vietnam. Dezan Shira & Associates is part of the Ascentium Group, a global business services platform with over 2,900 professionals across 58 cities in 27 markets, strengthening the firm's on-the-ground ability to support clients across Asia and globally.
Get the setup decisions right the first time.
Our Vietnam corporate team offers a fully integrated establishment solution.
