Gasoline prices dive to seven-month low
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Gasoline prices Thursday dropped to the lowest since May 11 while diesel hit a five-month low.
The popular fuel RON95 fell 4.12% to VND21,400 per liter.
Biofuel E5 RON92 dropped 3.66% to VND20,510.
Diesel fell 3.65% to VND19,000.
Global fuel prices decreased in the past seven days due to concerns that military tensions in the Middle East would affect oil supply from this region, according to the Ministry of Industry and Trade and the Ministry of Finance.
In addition, the fact that countries reached a historic agreement to reduce fossil fuel consumption at the 2023 United Nations Climate Change Conference also caused prices to go down, they added.
RON92 fell 5% to $84.54 per barrel, while RON95 dropped 5.23% to $88.54.
Questions & Answers
Q.What are the new prices for RON95 and E5 RON92 per litre?
What are the new prices for RON95 and E5 RON92 per litre?
RON95 now costs VND21,400 per litre, a 4.12% drop. Biofuel E5 RON92 fell 3.66% to VND20,510 per litre.
Q.What two main factors contributed to the recent fall in global fuel prices?
What two main factors contributed to the recent fall in global fuel prices?
Concerns that military tensions in the Middle East would affect oil supply caused prices to drop. Also, a historic agreement at the 2023 UN Climate Change Conference to reduce fossil fuel consumption also contributed.
Q.What were the percentage drops and new prices for RON92 and RON95 per barrel?
What were the percentage drops and new prices for RON92 and RON95 per barrel?
RON92 fell 5% to $84.54 per barrel. RON95 dropped 5.23%, settling at $88.54 per barrel.
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