May 12th, 2023

Fuel prices drop for third straight time

Gasoline and diesel prices in Vietnam fell for the third straight time Thursday afternoon.

RON95 gasoline price dropped 5.91% to VND21,000 per liter, lowest since December 21.

Biofuel E5 RON92 fell 6.07% to VND20,130. Diesel declined by 3.29% to VND17,650.

Gasoline and diesel prices have been going down non-stop since mid-April.

Fuel prices globally dropped by 4-7% in the last 10 days as OPEC+ reduced its production by over 1.1 million barrels a day, according to the Ministry of Industry and Trade and Ministry of Finance.

RON92 gasoline dropped by over 7% to $83 per barrle.

RON95 fell 6.4% to $87.37 per barrel.

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