Gasoline prices drop after 4 consecutive hikes
In this article (5)
Vietnam’s RON95 gasoline price dropped 0.34% to VND23,780 ($0.96) per liter after rising in the last four adjustments.
E5 RON92 price fell 0.18% to VND22,670.
Diesel dropped 0.72% to VND24,800. The Ministry of Finance has acknowledged an updated transportation cost of importing fuel to Vietnam in the Monday adjustment for the second time this month.
Vietnam’s refined fuel imports in the first 10 months of 2022 rose 22.8% from a year earlier to 7.13 million tonnes, but costs rose 123.8% to $7.37 billion.
Questions & Answers
Q.What is the new price of RON95 gasoline per litre?
What is the new price of RON95 gasoline per litre?
RON95 gasoline now costs VND23,780 ($0.96) per litre in Vietnam. This follows a 0.34% drop after four previous increases in price.
Q.How much has the price of E5 RON92 dropped?
How much has the price of E5 RON92 dropped?
The price of E5 RON92 has fallen by 0.18%. This means the new price for E5 RON92 is VND22,670 per litre after the recent adjustment.
Q.What contributed to the recent fuel price adjustments?
What contributed to the recent fuel price adjustments?
The Ministry of Finance acknowledged an updated transportation cost for importing fuel to Vietnam. This was the second such adjustment made within the current month.
Q.How much did Vietnam spend on refined fuel imports in the first 10 months of 2022?
How much did Vietnam spend on refined fuel imports in the first 10 months of 2022?
Vietnam spent $7.37 billion on refined fuel imports during the first 10 months of 2022. This figure represents a significant 123.8% increase in costs compared to the previous year.
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