Diesel price continues to rise
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Diesel price went up 1.81% to VND23,050 per liter on Monday, continuing its climb, which began four months ago.
The fuel has seen its price increase by over 30% since May 11.
Authorities said that fuel prices have been fluctuating amid concerns about tightened fuel supply after Russia extended its production cut as OPEC+ countries continued to scale down production, while China’s demand recovery has been slower than expected.
RON92 gasoline fell 0.1% to $103,14 per barrel last week, while RON95 dropped 0.16% to $108.94.
Questions & Answers
Q.What is the current price of diesel after its recent rise?
What is the current price of diesel after its recent rise?
Diesel now costs VND23,050 per litre. This price was reached on Monday after a 1.81% increase. This continues a four-month trend of rising prices for the fuel type.
Q.How much has the price of diesel increased since May?
How much has the price of diesel increased since May?
Since May 11, diesel has seen its price go up by over 30%. This significant increase contributes to the continuing climb in diesel prices reported over the last four months.
Q.What factors are contributing to the fluctuation in fuel prices?
What factors are contributing to the fluctuation in fuel prices?
Authorities attribute price fluctuations to concerns about tightened fuel supply. This is due to Russia extending its production cut and OPEC+ countries scaling down production, alongside slower-than-expected demand recovery in China.
Q.Did the prices of RON92 and RON95 gasoline also rise?
Did the prices of RON92 and RON95 gasoline also rise?
No, both RON92 and RON95 gasoline prices fell last week. RON92 dropped 0.1% to $103.14 per barrel, while RON95 saw a 0.16% decrease to $108.94.
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