Fuel Prices Drop Despite Concerns Over A Shortage Of Supply
Source: Vientiane Times
Fuel prices fell on Monday morning in line with the trends in the world market even though people are worried about a shortage of supplies after the Lao government began the strict inspection of imported goods due to the COVID-19 outbreak.
The Ministry of Industry and Commerce announced the cost of premium grade petrol will be lower by 600 kip a litre, regular petrol by 510 kip a litre, and diesel by 160 kip a litre.
Currently, petrol stations in Vientiane are selling premium grade petrol for 9,120 kip a litre. They are selling regular grade petrol for 8,380 kip a litre and diesel for 7,740 kip a litre.
In Borikhamxay province, premium grade petrol is going for 9,200 kip a litre, regular for 8,460 kip a litre, and diesel for 7,820 kip a litre.
In Khammuan and Savannakhet provinces, premium petrol is selling for 9,150 kip a litre, regular petrol for 8,430 kip a litre, and diesel for 7,770 kip a litre.
In Champassak province, the prices are 9,180 kip a litre for premium petrol, 8,440 kip for regular petrol, and 7,800 kip for diesel.
In Attapeu province, premium petrol is selling for 9,350 kip a litre, regular for 8,620 kip a litre, and diesel for 7,980 kip a litre.
In Xayaboury, premium petrol is selling for 9,370 kip a litre, regular petrol for 8,630 kip a litre, and diesel for 7,990 kip a litre.
In Oudomxay province, 9,600 kip a litre is the price for premium petrol. Regular petrol costs 8,860 kip and diesel costs 8,220 kip.
In Bokeo province, premium grade petrol costs 9,220 kip a litre while the price of regular petrol has been set at 8,480 kip a litre. Diesel is selling for 7,640 kip a litre.
In Luang Prabang province, diesel sells for 8,140 kip a litre, premium petrol for 9,520 kip, and regular petrol for 8,780 kip.
Despite the decline in the cost of fuel across the country, many people are worried that the prices could rise due to a possible shortage of oil supplies when the imports of products are gradually limited.