Fuel prices rise after 6-week decline
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Gasoline and diesel prices on Monday gained for the first time since April 11.
The popular gasoline RON95 went up 2.33% to VND21,490 per liter.
Biofuel E5 RON92 rose 1.74% to VND20,480. Diesel increased by 1.70% to VND17,950.
Fuel prices globally have been rising by 0.73-3% in the last 10 days due to a production cut by OPEC+, concerns of the U.S. public debt, stalled manufacturing and high interest rates which could lead to an economic recession.
RON95 price went up 2.6% to $89.63 per barrel, and diesel rose 2.2% to $89.18.
Questions & Answers
Q.What percentage did the price of popular gasoline RON95 increase by?
What percentage did the price of popular gasoline RON95 increase by?
The popular gasoline RON95 saw its price go up by 2.33%. This means the price per litre is now VND21,490, marking the first increase since April 11th.
Q.What factors are contributing to the global rise in fuel prices?
What factors are contributing to the global rise in fuel prices?
Global fuel prices are increasing due to a production cut by OPEC+, concerns about the U.S. Public debt, stalled manufacturing, and high interest rates. These factors could potentially lead to an economic recession.
Q.When was the last time fuel prices saw a decline before this recent rise?
When was the last time fuel prices saw a decline before this recent rise?
Fuel prices had been declining for six weeks prior to this recent increase. The last decline was observed before Monday, with the first rise recorded since April 11th.
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