Petrol price drops on global decline

Friday, Apr 19, 2013 11:00

HA NOI — Fuel distributors in Viet Nam yesterday reduced the retail price of 92-octane petrol by 1.7 per cent to VND23,640 ($1.13) per litre and trimmed prices of several other oil products, the second cut in less than 10 days.

The price of diesel will drop 0.47 percent to VND21,350 per litre as of 7pm, and kerosene will also ease 0.93 percent to VND21,400 a litre.

Global oil prices have been easing since April 9 when Vietnam made its previous retail price cut, the finance and the trade ministries said in a joint statement.

Brent crude oil futures had fallen by around 10 per cent in April, but were trading up $1.14 at $98.83 per barrel on Thursday morning after hitting a nine-month low of $96.75.— VNS

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