The rise in price of imported fuel means that retail prices in Laos will inevitably continue to rise.
The price of oil is factored into the cost of production, meaning that product prices will also rise.
This mean that motorists in Vientiane and the provinces will pay extra for fuel this month. This follows several changes in retail prices recently.
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The retail prices of fuel at petrol stations around the country dropped for a second time this month.
The petrol prices dropped around 60 kip per litre and the diesel prices went down by about 140 kip per litre, which will be good news for general consumers and farmers now in the rice planting season.
In Vientiane, petrol stations are now selling premium petrol for 9,430 kip a litre, regular grade petrol for…..
Petroleum operators expect fuel prices will continue to drop for the next few months after seeing prices go down since the beginning of the year.
The government has lowered the prices of premium, regular petrol and diesel in Vientiane and five provinces effective last Friday. “It is the third time for a fuel price reduction this year,” an official of …..
