Gasoline prices fall fourth consecutive time
In this article (5)
Vietnam gasoline prices on Monday dropped 1.8 percent to the lowest since Feb. 21 as global rates declined.
A liter of popular RON 95 gasoline now costs VND25,600 ($1.10), while that of biofuel RON 92 E5 costs VND24,620.
This means prices have fallen 21.3-22.1 percent since this year’s peak on June 21.
On the global market, gasoline prices have decreased by 1.22-1.54 percent in the last 10 days, according to data from the Ministry of Industry and Trade and the Ministry of Finance.
Questions & Answers
Q.What is the current price of RON 95 gasoline in Vietnam?
What is the current price of RON 95 gasoline in Vietnam?
A litre of the popular RON 95 gasoline now costs VND25,600 ($1.10). This represents a drop, bringing it to its lowest price since February 21st, due to declining global rates.
Q.How much have gasoline prices fallen since their peak this year?
How much have gasoline prices fallen since their peak this year?
Gasoline prices have decreased by 21.3 to 22.1 percent since reaching their peak on June 21st. This latest drop is the fourth consecutive fall in prices in Vietnam.
Q.What factor contributed to the decline in global gasoline prices?
What factor contributed to the decline in global gasoline prices?
Fears of a global economic slowdown outweighed ongoing supply disruptions and market tightness. WTI crude futures fell over 2 percent, dropping to below $98 a barrel on Monday, influencing global rates.
Q.Which government bodies provide data on gasoline price changes?
Which government bodies provide data on gasoline price changes?
Data on gasoline price changes comes from the Ministry of Industry and Trade and the Ministry of Finance. These ministries monitor and report on the decreases in both local and global market prices.
Reader pulse
How will falling fuel prices impact retail in Vietnam?
16,876 votes so far