Gasoline prices hit six-month low
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Vietnam gasoline prices on Thursday dropped 3.6-3.8% to the lowest since Feb. 11 as global rates kept falling.
A liter of popular RON 95 gasoline now costs VND24,660 ($1.05), down VND940, while that of biofuel E5 RON 95 costs VND23,720, down VND900.
Thursday’s was the fifth consecutive downward adjustment made to gasoline prices. Compared to this year’s peak on June 21, prices have fallen by 24.22-24.98%.
Prices of diesel and kerosine also dropped 4.4-5.2%.
On the global market, gasoline prices have decreased marginally in the last 10 days, according to data from the Ministry of Industry and Trade and the Ministry of Finance.
On the global market WTI crude futures slipped toward $91 per barrel Thursday as concerns over supply disruptions eased and markets looked for evidence of improving fuel demand.
Questions & Answers
Q.What are the new prices for RON 95 and E5 RON 95 gasoline?
What are the new prices for RON 95 and E5 RON 95 gasoline?
A litre of RON 95 gasoline now costs VND24,660, down VND940. Biofuel E5 RON 95 costs VND23,720, which is a reduction of VND900.
Q.How much have gasoline prices fallen since their peak this year?
How much have gasoline prices fallen since their peak this year?
Since reaching their peak on June 21, gasoline prices have decreased by 24.22% to 24.98%. Thursday's drop was the fifth consecutive downward adjustment.
Q.What other fuel types have seen price reductions?
What other fuel types have seen price reductions?
Diesel and kerosine prices also dropped, with reductions ranging from 4.4% to 5.2%. This happened as global rates continued to fall.
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