Vietnam’s RON95 gasoline price dropped 0.34% to VND23,780 ($0.96) per liter after rising in the last four adjustments.
E5 RON92 price fell 0.18% to VND22,670. Diesel dropped 0.72% to VND24,800.
 |
An employee pumps gasoline into a motorbike in Ho Chi Minh City in September 2022. |
The Ministry of Finance has acknowledged an updated transportation cost of importing fuel to Vietnam in the Monday adjustment for the second time this month.
Vietnam's refined fuel imports in the first 10 months of 2022 rose 22.8% from a year earlier to 7.13 million tonnes, but costs rose 123.8% to $7.37 billion, Reuters quoted official data.
Vietnam raised the RON95 gasoline price up 1.55% Friday to VND22,340 ($0.9) per liter, the second hike this month.
Reducing special consumption tax on gasoline to zero and cutting value-added tax by half will provide positive impacts amid global uncertainties, the Vietnam Chamber of Commerce and Industry (VCCI) proposed.
At least 34 people were hospitalized after a gas pipe at a factory of South Korea's electronic component producer Seojin Automotive Co. Ltd in northern Vietnam exploded.
Vietnam gasoline prices on Thursday dropped 3.6-3.8% to the lowest since Feb. 11 as global rates kept falling.
Vietnam halved its Most Favored Nation (MFN) tariff on gasoline to 10% Monday as it seeks to diversify supply.
Source: VnExpress
