Gasoline prices climb up 2 weeks in a row
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Gasoline prices on Thursday afternoon went up for the second week after plunging non-stop since mid-August.
The popular fuel RON95 rose 3.80% to VND20,510 (US$0.83) per liter.
Diesel went up 2.7% to VND 17,500.
Regulators said that fuel prices in the last seven days were affected by rising tension in the Middle East, China’s economic boost, and ongoing Russia-Ukraine military conflict.
Gasolines rose 5% while oils added 2.3-4.6%. RON95 is now priced at $85.6 per barrel and diesel $84.4.
Questions & Answers
Q.What percentage increase did RON95 gasoline experience this week?
What percentage increase did RON95 gasoline experience this week?
RON95 gasoline saw a 3.80% increase this week, reaching VND20,510 per litre. This is its second consecutive weekly price rise after a period of non-stop decline.
Q.Which global events influenced the recent rise in fuel prices?
Which global events influenced the recent rise in fuel prices?
Regulators stated that rising tensions in the Middle East, China's economic boost, and the ongoing Russia-Ukraine military conflict all contributed to the increase in fuel prices over the last seven days.
Q.What are the current barrel prices for RON95 and diesel?
What are the current barrel prices for RON95 and diesel?
RON95 is currently priced at $85.6 per barrel, while diesel is slightly lower at $84.4 per barrel. These figures reflect the recent price adjustments.