Vietnam to cut retail petrol prices -Petrolimex

HANOI, Aug 14 (Reuters) - Vietnam is due to cut retail petrol prices later on Thursday, an official from top importer and retailer Petrolimex said.

"The prices will be lower from 10 am (0300 GMT) because of falling world prices," the official said, declining to specify how much prices would be reduced.

Petrolimex has been retailing the popular 92-octane petrol grade at 19,000 dong ($1.15) per litre, which it raised from 14,500 dong per litre on July 21. (Reporting by Nguyen Nhat Lam; writing by Ho Binh Minh; editing by Kim Coghill)