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The popular fuel E10 RON95 dropped 6.7% compared to a week ago to VND25,210 (US$0.98) per liter.
E5 RON92 declined 5.7% to VND25,360. Diesel gained 1.5% to VND29,550.
Globally, over the past seven days, the average price of RON95 gasoline fell 8.4% to $133.50 a barrel, while diesel rose 1.8% to $168 a barrel, according to the Ministry of Industry and Trade and Ministry of Finance.
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An employee refills a motorbike at a fuel station in HCMC in November 2022. Photo by VnExpress/Thanh Tung |
The government is finalizing a decree, which it has been developing for two years, to reduce intermediary in fuel trading. Under the new decree, the government would no longer announce base prices at regular intervals as it does now.
Major fuel traders and distributors would set retail prices within their own networks using a prescribed formula and would be required to declare those prices for regulatory inspection and supervision.
