Gasoline prices rise
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Gasoline prices went up Tuesday for the second time this year.
The price of the popular fuel RON95 went up 1.6% to VND22,150 ($0.94) per liter.
E5 RON92 price also rose 1.6% to VND21,350.
Diesel price stayed unchanged at VND22,150.
This is the second fuel hike in three days.
The government raised gasoline prices up more than 5% on January 1 as a VND2,000 environmental tax was applied.
The tax has been lowered by half from the pre-pandemic level as the National Assembly wants to boost economic recovery.
Questions & Answers
Q.Which specific fuel types saw a price increase?
Which specific fuel types saw a price increase?
The price of RON95 fuel increased by 1.6% to VND22,150 per litre. E5 RON92 also rose by 1.6% to VND21,350 per litre. Diesel prices remained unchanged.
Q.What caused the previous gasoline price increase at the start of the year?
What caused the previous gasoline price increase at the start of the year?
The previous gasoline price increase on January 1 was due to the government applying a VND2,000 environmental tax. This led to prices going up by more than 5%.
Q.How does the current environmental tax compare to its level before the pandemic?
How does the current environmental tax compare to its level before the pandemic?
The current environmental tax has been lowered by half compared to its pre-pandemic level. The National Assembly implemented this reduction to help boost economic recovery.
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