Gasoline hits 5-week low
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Gasoline prices on Thursday fell to the lowest since June 20 in its third consecutive week of decline.
The popular fuel RON95 dropped 1.25% to VND22,880 ($0.90) per liter.
Biofuel E5 RON92 declined by 1.22% to VND21,900.
Diesel fell 1.51% to VND20,190.
Globally fuel prices in the last seven days were affected by expectations of a ceasefire deal between Israel and Hamas, a stronger U.S. dollar, and declining oil demand in China compared to last year, according to regulators.
Gasoline fell by 1.6-1.7% globally and oil dropped 1.8-3% in the period. RON95 is now at $95.6 per barrel and diesel at $97.5.
Questions & Answers
Q.What is the new price for RON95 fuel after the recent decline?
What is the new price for RON95 fuel after the recent decline?
RON95 fuel is now priced at VND22,880 per litre. This represents a 1.25% drop and is its lowest price point since June 20, marking its third consecutive week of decline.
Q.Which specific global factors have influenced the recent fall in fuel prices?
Which specific global factors have influenced the recent fall in fuel prices?
Globally, fuel prices were affected by expectations of a ceasefire deal between Israel and Hamas, a stronger U.S. Dollar, and a reduction in oil demand in China compared to last year.
Q.By what percentage did diesel prices decrease in the recent period?
By what percentage did diesel prices decrease in the recent period?
Diesel prices declined by 1.51%. After this drop, the price for diesel is now VND20,190 per litre. Globally, oil dropped between 1.8% and 3% in the same period.