Following a joint decision by the Ministry of Finance and the Ministry of Industry and Trade, the PetroVietnam Oil Corporation has reduced its prices for the second time this year, just 2 weeks after prices last dropped in 6 January.  As a result, fuel prices have now fallen to their lowest levels in 5 years, bringing benefits to both motorists and businesses.

From 4pm yesterday, petrol prices in Da Nang declined by 1,900 VND bringing the retail price per litre of 92 RON petrol and bio-fuel E5-RON 92 to 15,670 VND.

In addition, the price per litre of kerosene went down by 1,500 VND to 15,610, and diesel 0.05S fell by 1,460 VND to 15,170.

Meanwhile, the price of a kilogram of Mazut 3.5S dropped by 1,080 VND to 11,850 VND.