Viet Nam’s petrol and oil prices continued to decrease on December 18 afternoon following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

Viet Nam slightly raised retail petrol prices while cutting diesel rates from 3pm on August 21, as the Ministry of Industry and Trade (MIT) and Ministry of Finance rolled out their latest adjustment to keep pace with global markets.

The Ministry of Industry and Trade and the Ministry of Finance announced an increase in petroleum prices effective at 3 pm on June 26, marking the 26th fuel price adjustment this year.

Retail fuel prices were raised starting from 3pm on June 19, following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance.

Retail fuel prices were raised starting 3pm on June 12, following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance.

It will not be easy to keep inflation at 4.5% this year as targeted, economic expert Nguyen Bich Lam, former General Director of the General Statistics Office (GSO), has said.