Hanoi, May 8 -- Vietnam's retail fuel prices were reduced for the second consecutive time from 3pm on May 8, under an urgent directive issued on the same day by the Ministry of Industry and Trade (MoIT).

Under the latest adjustment, the maximum retail price for E5 RON92 petrol has been set at 18,777 VND per litre (approximately 0.72 USD), down 377 VND from the previous rate. RON95-III petrol is now capped at 19,179 VND per litre, a decrease of 407 VND. Diesel 0.05S is priced at no more than 16,809 VND per litre, down 550 VND, while kerosene has been reduced by 623 VND to a maximum of 16,941 VND per litre. Meanwhile, fuel oil 180CST 3.5S has been lowered by 665 VND to 15,533 VND per kilogram.

The MoIT, in coordination with the Ministry o...