Vietnam’s RON 92 gasoline retail price lower than Laos

In August, RON 92 gasoline price declined 2.34% from July. In September, the price went down, according to the petroleum market news in September of Vietnam National Petroleum Corp (Petrolimex).
Accordingly, the average price of WTI oil in September reached $85.97 per barrel, down $0.39, or 0.46% from August. The Brent oil average price in September reached $109.46 per barrel, down $0.43 or 0.39% month on month.

The retail price of RON 92 gasoline in some regional countries currently according to the forex rate on October 4 as follows:

In Laos (Lao State Fuel Co): 10,580 Kip/liter, equalling to 27,211 dong/liter

In Cambodia (SOKIMEX Co): 5,350 Riels/litter, or 27,322 dong/liter

In Singapore (SPC): 2,030 S$/liter, or 32,131 dong/liter

In China: 7,990 NDT or 25,888 dong/liter.

Thus, the RON 92 gasoline retail price in Vietnam is lower by 6,411 dong/liter than that in Laos, 6,522 dong/liter than Cambodia, 11,331 dong/liter than Singapore and lower 5,088 dong/liter than China.

The different retail price of petroleum in each country was attributable to different management mechanism of petroleum of each nation. – Source:Vietbiz24.com

Tags: Vietnam gas, Vietnam Gas prices