Gasoline prices drop
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Gasoline and diesel prices declined in Vietnam Monday afternoon, following a similar trend globally.
The popular RON95 gasoline dropped 2.68% to VND21,420 ($0.91) per litter after staying unchanged in the last two revisions by authorities.
Biofuel E5 RON92 fell 1.91% to VND20,470 per liter.
Diesel, after rising two times in a row, was 0.06% lower at VND18,160 per liter.
Global fuel prices since June 21 have been falling due to a plunge in U.S. fuel reserves and concerns about central banks’ rate hikes, according to the Ministry of Industry and Trade and Ministry of Finance.
RON92 fell nearly 1.5% to $86.78 per barrel while RON95 dropped 1.8% to $91.59. Diesel declined by 0.5% to $92.16.
Questions & Answers
Q.What is the new price for RON95 gasoline?
What is the new price for RON95 gasoline?
Following a 2.68% drop, RON95 gasoline now costs VND21,420 ($0.91) per litre. This is a change after the price remained unchanged for the previous two revisions.
Q.Why have global fuel prices been falling recently?
Why have global fuel prices been falling recently?
Global fuel prices have been falling since June 21 due to a significant plunge in U.S. Fuel reserves. Concerns regarding central banks’ interest rate hikes have also contributed to the decline.
Q.How much has Biofuel E5 RON92 dropped?
How much has Biofuel E5 RON92 dropped?
Biofuel E5 RON92 fell by 1.91%. Its new price is VND20,470 per liter. This is part of a wider trend of declining gasoline and diesel prices in Vietnam.