Gasoline hits 5-week low

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.