Vietnam National Petroleum Group on Saturday announced the 11th consecutive reduction time of petrol prices.

A liter of Ron 92 dropped VND320 to VND19,930, diesel reduced VND240 to VND18,410, and kerosene slid VND280 to VND18,970.

The price of engine oil fell VND320 to VND14,820 a kilogram.

Beside, the Ministry of Industry and Trade has permitted wholesale businesses to cut down contribution in the price subsidization fund to VND300 a liter from VND600.

Petrol prices have dropped a total of VND5,710 a liter after 11 reduction times.