Gasoline prices return to 4-month low
In this article (5)
Gasoline prices on Thursday afternoon plunged to the lowest since Jan. 18 after rising marginally last week.
The popular fuel RON95 fell 3.02% to VND22,510 ($0.88) per liter. Biofuel E5 RON92 declined by 2.33% to VND21,750.
Diesel dropped 0.45% to VND19,740, the lowest since Jan. 11.
Regulators said that prices fluctuated in the last seven days due to weakening U.S. dollar and concerns that the U.S. will keep its interest rate unchanged for a long time. OPEC+ is expected to maintain its policy to limit supply in the upcoming meeting in early June. Global gasoline prices fell 3.2-3.8% in the last seven days.
Questions & Answers
Q.What is the new price of RON95 fuel and how much has it fallen recently?
What is the new price of RON95 fuel and how much has it fallen recently?
The popular fuel RON95 now costs VND22,510 per litre. Its price fell by 3.02% recently. This is its lowest point since January 18th, according to the article.
Q.What factors did regulators say caused the recent fuel price fluctuations?
What factors did regulators say caused the recent fuel price fluctuations?
Regulators stated that prices fluctuated due to a weakening U.S. Dollar. Concerns that the U.S. Will maintain its interest rate unchanged for a long time also contributed to these fluctuations over the past seven days.
Q.Which type of fuel saw the smallest price drop in the latest adjustments?
Which type of fuel saw the smallest price drop in the latest adjustments?
Diesel saw the smallest price drop, declining by 0.45%. Its new price is VND19,740. This is its lowest price point recorded since January 11th.
Q.What is expected from OPEC+ regarding their supply policy in early June?
What is expected from OPEC+ regarding their supply policy in early June?
OPEC+ is expected to maintain its policy to limit supply. This decision will be made during their upcoming meeting, scheduled for early June. The article does not specify further details.
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