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Gasoline price falls third time in a row

By Rajiv Menon
1 min read
petronas
petronas
In this article (4)

On Thursday, prices of the popular gasoline RON95 dropped for the third time this month while diesel slid to a four-month low.

RON95 fell 0.13% to VND22,990 ($0.95) per liter, while biofuel E5 RON92 rose 0.46% to VND21,790.

This was RON95’s third straight decline this month.

Diesel declined for the fourth time in a row by 0.44% to VND20,190, lowest since Jul. 21.

Global oil price was little changed on Thursday as investors remained cautious ahead of expected production cuts by the OPEC+ group, and as weaker-than-expected Chinese factory data underscored slowing growth in the world’s second largest economy.

Since last Thursday RON92 has risen 0.72% to $91.75 per barrel while RON95 dropped 0.16% to $97.11. Diesel fell 0.5% to $101.94.

Questions & Answers

Q.

Which gasoline products saw their prices decrease this month?

A.

RON95 prices dropped for the third time this month. Diesel prices also declined, reaching their lowest point since July 21st, marking their fourth consecutive fall.

Q.

What is the current price per litre for RON95 and biofuel E5 RON92?

A.

RON95 is currently priced at VND22,990 per litre. Biofuel E5 RON92 has a current price of VND21,790 per litre, following a 0.46% increase.

Q.

What factors influenced global oil prices on Thursday?

A.

Global oil prices were little changed due to investor caution about expected production cuts by OPEC+ and slower growth in China, highlighted by weaker-than-expected factory data.

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