Gasoline prices hit 12-month high
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Gasoline prices continued to rise on Tuesday and reached the highest since August last year.
The popular RON95 was 1.10% higher at VND24,870 per liter.
Biofuel RON92 price went up 0.60% to VND23,470.
Diesel price also increased by 1.30% to VND22,640 per liter.
Globally RON92 price went up 0.50% in the last two weeks to $103.25 per barrel, while RON95 rose 0.70% to $109.23, as Russia intended to cut its oil exports.
Diesel was nearly 2% more expensive in the period at $118.82 per barrel.
Questions & Answers
Q.Which specific gasoline grades saw price increases in the retail market?
Which specific gasoline grades saw price increases in the retail market?
The popular RON95 gasoline increased by 1.10% to VND24,870 per litre. Biofuel RON92 also went up by 0.60% to VND23,470, while diesel prices rose by 1.30% to VND22,640 per litre.
Q.What were the percentage increases for RON92 and RON95 on the global market over the last two weeks?
What were the percentage increases for RON92 and RON95 on the global market over the last two weeks?
Globally, RON92 price increased by 0.50% in the last two weeks, reaching $103.25 per barrel. During the same period, RON95 rose by 0.70%, trading at $109.23 per barrel.
Q.What is the primary reason given for the recent increases in global oil prices?
What is the primary reason given for the recent increases in global oil prices?
The article states that global oil prices increased as Russia intended to cut its oil exports. This intention is presented as the reason for the rise in the price per barrel for different fuels.
Q.How much more expensive was diesel globally in the last two weeks?
How much more expensive was diesel globally in the last two weeks?
Globally, diesel was nearly 2% more expensive in the last two weeks. Its price reached $118.82 per barrel, following the increases observed across other fuel types.
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