Since 16h pm, June 21st, retail price of Ron 92 gasoline will reduce another VND700 to VND21,200 a liter. Other fuel products also down VND300-400 a liter/kg.

This is the fourth time retail price of fuel decline in recent two months in the situation of world fuel prices continuously slumpped to the lowest level so far this year.

Other products such as mazut also cuts price by VND300 to VND17,950 a liter; diezel and kerosene prices decline about VND400 and VND350 to VND20,100 a liter and VND20,050 a liter respectively.

For price of Stabilization Fund still keep at VND300 a liter as current.

In the morning, June 21st, Brent crude oil price dropped 0.54% to USD92.15 a barrel, the lowest price since early this year. This price also lost about USD31 over April. While WTI crude oil price adjusted to USD80.45 a barrel, reduced 1.14% compare to previous day and broke the record low level of price buit in June 14th at USD84.2 a barrel.

According to Petrolimex, Ron 92 gasoline price imported from Singapore in June 19th at USD98.86 a barrel, decreased by USD7.64 a barrel from June 7th. FO price also fell to USD591.08 a tonne; DO 0,05S and kerosene eased to USD111.16 and USD109.56 a barrel respectively.

Within two months, fuel have four times decrease in price with total of VND2,900 a liter.