Gasoline prices fall marginally, diesel surges
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Vietnam’s gasoline prices fell 1.56-1.74% on Monday while diesel prices surged 6%.
A liter of RON 95 now costs VND24,230 ($1.03), down 1.74%. That of biofuel E5 RON 92 costs VND23,350, down 1.56%.
Monday’s was the seventh consecutive downward adjustment made to gasoline prices, bringing prices down by 25.4-26.3% since this year’s peak on July 21.
Meanwhile, diesel surged 6% to VND25,180 a liter, marking the first time it surpassed gasoline prices.
Prices were hiked 9.7% in the two most recent adjustments but were 16.3% lower than this year’s peak.
On the global market, gasoline has decreased by around 2% while diesel prices surged 9.3%, according to data from the Ministry of Industry and Trade and Ministry of Finance.
Questions & Answers
Q.How much has RON 95 gasoline fallen in price since its peak earlier this year?
How much has RON 95 gasoline fallen in price since its peak earlier this year?
Since its peak on July 21, the price of RON 95 gasoline has decreased by 25.4-26.3%. This is following seven consecutive downward adjustments to gasoline prices, as noted on Monday.
Q.What is the current price of a litre of diesel after the recent surge?
What is the current price of a litre of diesel after the recent surge?
A litre of diesel now costs VND25,180 after surging by 6% on Monday. This marks the first time that the price of diesel has exceeded that of gasoline in Vietnam.
Q.What are the recent global market trends for gasoline and diesel prices?
What are the recent global market trends for gasoline and diesel prices?
Globally, gasoline prices have decreased by approximately 2%. In contrast, diesel prices have seen a significant surge of 9.3%. These figures are based on data from the Ministry of Industry and Trade and Ministry of Finance.
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