Gasoline prices dropped yet again last Saturday. 50,000 VND ($3.03 US) is beginning to fill up my gas tank again. It now costs about 15,500 VND (94 cents US) for 1 liter of 92-octane gasoline and 16,000 VND (97 cents US) for 1 liter of 95-octane gasoline.
This is great news for the average Vietnamese motorbike commuter. Back in July, 2008, the price of A92 gasoline was around 19,000 VND ($1.15 US).
The negative is that there seems to an increase of the old, less fuel-efficient, motorbikes making their way back on the roads again 🙁
It’s actually dropped to 15,500 VND, not 15,000.
http://vnexpress.net/GL/Kinh-doanh/2008/10/3BA078F2/
Of course, with the global recession, we can expect more price drops in the near future.
My question is will the price of everything else that has seen sudden price increases due to fuel costs now see a retreat? I’m guessing prices will stay high.