Vietnam has raised its fuel prices by up to 15 percent, in a move attributed to rising global oil costs that add to the country’s soaring inflation.
The increases, announced late Tuesday in Hanoi, hike diesel and gasoline prices to record-highs of more than $1 a liter. Last month, the government raised fuel prices by as much as 24 percent.
Consumer prices were 13.9 percent higher in March than a year ago.
Oil prices have been surging globally in recent weeks, on concerns of supply shortfalls triggered by unrest in Libya and the Middle East.
In a push to control inflation, the Hanoi government last month devalued its currency, the dong, by 9.3 percent against the dollar. The devaluation was the fourth since 2009.