Gasoline prices dip to 18-month low
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Gasoline prices plunged to the lowest since June 2021, with RON95 dropping 2.36% to VND20,700 ($0.87) per liter.
E5 RON92 fell 1.82% to VND19,970. Diesel dropped 0.32% to VND21,600. Gasoline prices have fallen four times in a row since mid-November.
They are now 37% lower than the previous peak on June 21.
Vietnam fuel prices are adjusted on the first, 11th and 21st of each month.
Ho Chi Minh City has proposed that prices are adjusted every three to five days instead of the current 10 to resolve the recent supply issues.
Questions & Answers
Q.When were gasoline prices last this low?
When were gasoline prices last this low?
Gasoline prices have fallen to their lowest level since June 2021. This recent dip follows four consecutive price reductions since mid-November.
Q.How much lower are current prices compared to their peak?
How much lower are current prices compared to their peak?
Current gasoline prices are 37% lower than the previous peak. This peak occurred on June 21, and prices have been steadily falling since then.
Q.How frequently are Vietnam's fuel prices currently adjusted?
How frequently are Vietnam's fuel prices currently adjusted?
Vietnam's fuel prices are currently adjusted three times a month. These adjustments take place on the first, 11th, and 21st days of each month.
Q.What change has Ho Chi Minh City proposed for fuel price adjustments?
What change has Ho Chi Minh City proposed for fuel price adjustments?
Ho Chi Minh City has proposed adjusting fuel prices every three to five days. This change is suggested to help resolve recent supply issues, replacing the current 10-day adjustment interval.
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