January 19th, 2024

Gasoline price rises to six-week high

On Thursday, gasoline and diesel prices climbed for the second week, with gasoline being at the highest since early December.

The popular gasoline RON95 rose 2.51% to VND22,480 per liter, the highest since Dec. 7.

Diesel increased by 2.49% to VND20,190, the highest since Nov. 23.

Gasoline prices rose globally in the last seven days due to escalating tension in the Middle East and a slower-than-expected recovery in China’s economy. Red Sea conflicts and the surge of the U.S. dollar were also contributing factors, according to the Ministry of Industry and Trade and the Ministry of Finance, which control gasoline prices.

RON95 rose 2.7% to $101.43 per barrel, while diesel rose 2.4% to $100.84.

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