Gasoline prices fall fourth consecutive time

A petrol pump is pictured at a petrol station in Essex, east of London, on October 18, 2011. Britain's annual inflation surged to 5.2 percent in September on soaring energy prices, reaching a three-year high and far above levels in other major European countries, official data showed on Tuesday. Analysts said British inflation may rise even further before the end of 2011 but should fall back sharply next year as sliding demand for energy caused by a global economic slowdown weighs on oil, gas and electricity costs. AFP PHOTO / Ki Price (Photo credit should read Ki Price/AFP/Getty Images)

A liter of popular RON 95 gasoline now costs VND25,600 ($1.10), while that of biofuel RON 92 E5 costs VND24,620.

This means prices have fallen 21.3-22.1 percent since this year’s peak on June 21.

On the global market, gasoline prices have decreased by 1.22-1.54 percent in the last 10 days, according to data from the Ministry of Industry and Trade and the Ministry of Finance.