The selling price of RON 92 gasoline is reduced by VND470 (US$0.02) per litre from midday Friday. — Photo giaoduc.net.vn

HA NOI (Biz Hub) — The Viet Nam National Petroleum Group (Petrolimex) reduced the selling price of its RON 92 gasoline by VND470 (2.23 US cents) per litre to VND23,740 ($1.13) per litre from midday Friday.

The prices of 0.05S diesel and kerosene also declined by VND160 (0.7 cent) and VND180 (0.8 cent) per litre to VND21,930 ($1.044) and VND22,070 ($1.05), respectively. The price of Mazut 3.5S will also be reduced to VND18,320 ($0.87) per kilo.

According to officials of the Ministries of Finance, and Industry and Trade, the selling price of RON 92 gasoline was higher than the base price by VND464 (2.2 cents) per litre. So the ministries asked Petrolimex to bring down the price to ensure that it was not higher than VND23,746 ($1.13) per litre.

The selling prices for diesel, mazut and kerosene overcame the base prices from VND52 (0.24 cent) to VND151 (0.7 cent) per litre and per kilo.

This is the third time petrol prices have declined this month. On August 18, the selling price of petrol was reduced by VND600 (2.8 cents) per litre. — VNS