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Vietnam raises diesel, fuel oil by up to 36.8 pct

Mon Jul 21, 2008 8:57am IST
 
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HANOI, July 21 (Reuters) - Vietnam has raised retail prices of diesel by 14.3 percent to 15,950 dong ($0.97) per litre and the price for fuel oil has also jumped 36.8 percent, top importer and retailer Petrolimex said on Monday.

Petrolimex has raised the fuel oil price from 9,500 dong previously, the largest rise among its new retail prices of oil products in Vietnam, which has been battling double-digit inflation since last November.

It also raised retail gasoline prices by more than 31 percent on Monday in an effort to bring domestic prices closer to rising world oil prices [ID:nHAN253288]. ($1=16,500 dong) (Reporting by Ho Binh Minh and Nguyen Nhat Lam, Editing by Jacqueline Wong)

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