{
  "id": 18062149,
  "title": "Petrol prices continue to fall sharply",
  "url": "https://urgent.news/2026/11/04/petrol-prices-continue-to-fall-sharply",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-04T03:40:14.000Z",
  "source": {
    "name": "SGGP English Edition Business",
    "slug": "sggp-english-edition-business",
    "url": "https://en.sggp.org.vn/petrol-prices-continue-to-fall-sharply-post130737.html"
  },
  "original_language": "en",
  "account": "On November 3, petrol prices in Vietnam saw another sharp decrease, following a reduction on November 1. This marks the second consecutive drop within three days. The Ministry of Industry and Trade announced the price cuts at 10 p.m. that evening, with diesel prices slated for an increase. The final domestic retail prices for the three petrol grades were VND23,203 (US$0.9) per liter for E5RON92, VND23,231 per liter for E10RON95-III, and VND28,876 per liter for diesel 0.05S. Meanwhile, 180CST 3.5S mazut saw a rise to VND23,974 per kilogram. The adjustment reflected a 8.04 percent drop in global RON92 petrol prices, an 8.05 percent decrease in RON95 prices, and a 4.78 percent fall in diesel prices since the October 29 adjustment. Mazut prices, however, increased by 1.92 percent. For November 3, the ministries of Industry and Trade and Finance allocated VND700 per liter from the Petrol Price Stabilization Fund to support biofuel products, but no funds were allocated for diesel or mazut. This adjustment came after the special consumption tax rate on petrol products was eliminated to zero percent under Government Resolution No. 45/2026/NQ-CP on October 31, 2026. The November 3 adjustment was triggered by a price decline of more than 10 percent in base petrol product prices compared to the previous adjustment, surpassing the 10-percent threshold set in Government Resolution No. 55/NQ-CP on March 19, 2026. This decline was due to falling global prices of finished petroleum products.",
  "summary": "Retail prices of E5RON92 and E10RON95-III petrol fell again in the latest adjustment on the evening of November 3, following a previous reduction effective November 1.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}