The domestic retail price of petroleum decreased by VND309 to VND17,274 (77 US cents) per litre as of 3pm on Friday, the Ministry of Industry and Trade (MoIT) said.
The draft decree to replace Decree No 19/2016/ND-CP on gas trading has stirred controversy among gas traders, heard attendants at a conference held in Ha Noi on Wednesday.
Petroleum retailers lowered the price of petroleum by 76 dong per litre and E5 bio-fuel by 58 dong per litre to VND18,022 (80 US cents) and VND17,760 per litre as of 3pm on Monday.
From Wednesday, cooking gas price is down by VND4,500 (US$0.2) per 12kg canister compared with February 2017, distributors and retailers in HCM City said.
The prices of RON 92 petrol and bio-fuel E5 remained unchanged, while diesel price 0.05S increased slightly in the first regular adjustment of petrol prices in 2017.
The retail price of a 12kg cooking gas canister was reduced by VND4,500
(US$0.2) to fall from VND250,000 to VND255,000 in southern cities and
provinces on August 1.
The Sai Gon Petro Company reduced the retail price of a 12kg cooking
gas canister in Ho Chi Minh City by VND20,500 (US$0.92) to touch
VND257,000 ($11.55) on February 1.