Fuel prices decline
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Gasoline and diesel prices fell Thursday afternoon after reaching a six-month high a week earlier.
The popular gasoline RON95 dropped 1.03% to VND21,110 (US$0.83) per liter.
Biofuel E5 RON92 went down 0.96% to VND20,650.
Diesel fell 0.58% to VND18,950.
Regulators said that in the last seven days fuel prices were affected by the U.S.’ push on hiking tariffs on goods from China and other trading partners.
Other factors included increasing U.S. oil reserves and the potential of a peace agreement between Russia and Ukraine.
Gasolines dropped 1.5% in the period while oils fell 0.01%-1.5%.
RON95 is now at $86.1 per barrel and diesel at $90.2.
Questions & Answers
Q.What were the specific price decreases for the different types of fuel mentioned?
What were the specific price decreases for the different types of fuel mentioned?
RON95 gasoline dropped 1.03% to VND21,110 per litre, while E5 RON92 biofuel fell 0.96% to VND20,650. Diesel saw a 0.58% reduction, reaching VND18,950 per litre.
Q.What factors did regulators identify as influencing the recent fuel price changes?
What factors did regulators identify as influencing the recent fuel price changes?
Regulators stated that fuel prices were affected by the U.S.’ push for higher tariffs on goods from China and other trading partners. Increased U.S. Oil reserves and the possibility of a Russia-Ukraine peace agreement also played a role.
Q.How do the current prices of RON95 and diesel compare when measured per barrel?
How do the current prices of RON95 and diesel compare when measured per barrel?
Currently, RON95 is priced at $86.1 per barrel. Diesel, on the other hand, is priced slightly higher at $90.2 per barrel after the recent declines.
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