VnExpress News The News Gateway of Vietnam
Vietnam has cut gasoline prices for the eighth time in the last three months, seeking to contain inflation and boost consumption amid global economic woes.
From 3 p.m. Wednesday, RON95 gasoline prices fell 4.21% to VND22,580 ($0.95) per liter.
Prices for biofuel E5 RON92 dropped 2.42% to VND21,780.
This means Vietnam’s gasoline prices have fallen by 31.31% since this year’s peak on June 21.
Diesel prices dropped 6.82% to VND22,530.
Vietnamese authorities said they adjusted down prices because global fuel prices have fallen by 3-10% in the last 10 days.
The Asian Development Bank (ADB) warned Wednesday that Vietnam might face many inflationary risks this year due to rising commodity prices globally.
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