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Petroleum prices cut by up to 2 cents

Update: December, 29/2012 - 08:14

HA NOI (VNS)— The prices of several types of petroleum were cut by 300-500 dong (1-2 US cents) per litre yesterday evening at the behest of the ministries of Finance and Industry and Trade.

The price of diesel was down from VND21,850 to VND 21,550 per litre, kerosene from VND21,900 to VND21,600 per litre, and mazut from VND18,150 to 17,650 per litre.

The ministries said that the adjustment was made to benefits the State, businesses and consumers. Gasoline prices were kept intact because there was no significant fluctuation in import and retail prices for this commodity, they added.

They noted that a subsidy of 300 dong per litre, which comes from the country's petrol price stabilisation fund, would still apply for oil and gasoline. — VNS

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