Gasoline price up
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Gasoline prices on Thursday increased after hitting a six-month low last week while diesel remained steady.
The popular gasoline RON95 gained 2.24% to VND20,080 (US$0.79) per liter.
Biofuel E5 RON92 added 2.13% to VND19,690.
Diesel stayed at VND17,890, steady at the lowest since early October last year.
Regulators said that fuel prices in the last seven days fluctuated due to a decline in U.S. gasoline and oil product inventories, renewed tensions in the Middle East, and uncertainty surrounding U.S. tax policies on goods from other countries.
Gasolines dropped 2.7-2.8% while oils (except diesel) declined by 0.2-0.5%. RON95 is now at $80.8 per barrel and diesel at $84.1.
Questions & Answers
Q.What were the new prices for RON95 and E5 RON92 gasoline after the increase?
What were the new prices for RON95 and E5 RON92 gasoline after the increase?
After the increase, RON95 gasoline reached VND20,080 per liter, which is US$0.79. Biofuel E5 RON92 saw its price rise to VND19,690 per liter.
Q.What factors did regulators cite for the fluctuation in fuel prices over the past week?
What factors did regulators cite for the fluctuation in fuel prices over the past week?
Regulators attributed the price fluctuations to a decline in U.S. Gasoline and oil product inventories. Renewed tensions in the Middle East and uncertainty regarding U.S. Tax policies on imported goods also played a role.
Q.How did diesel prices change compared to gasoline prices?
How did diesel prices change compared to gasoline prices?
Diesel prices remained steady at VND17,890, which is the lowest price since early October last year. Conversely, gasoline prices for RON95 and E5 RON92 both increased.
Q.What were the barrel prices for RON95 and diesel mentioned in the article?
What were the barrel prices for RON95 and diesel mentioned in the article?
The article states that RON95 is now priced at $80.8 per barrel. Diesel, on the other hand, is currently at $84.1 per barrel.
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