Gasoline prices slip from 3-month high
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Gasoline and diesel prices both fell Thursday afternoon, hovering around the same level since mid-October, after reaching a three-month peak last week.
The popular fuel RON95 dropped 2.19% to VND20,540 (US$0.81) per liter.
Diesel declined by 0.53% to VND18,630.
Regulators said that fuel prices in the last seven days were affected by the European Union’s adoption of a sanction package against Russia, geopolitical tensions in the Middle East, and the ongoing military conflict between Russia and the Ukraine.
RON95 dropped 3-3.1% in the period while oils fell 0.8-1.9%. RON95 is now priced at $83.7 per barrel and diesel at $88.8.
Questions & Answers
Q.What were the new prices for RON95 and diesel after Thursday's fall?
What were the new prices for RON95 and diesel after Thursday's fall?
After Thursday's price changes, RON95 was priced at VND20,540 (US$0.81) per litre. Diesel's new price was VND18,630, reflecting a 0.53% decline from its previous level.
Q.How much did RON95 and diesel prices decrease on Thursday?
How much did RON95 and diesel prices decrease on Thursday?
On Thursday, RON95 prices dropped by 2.19% per litre. Diesel prices also saw a decline, decreasing by 0.53% during the same period, bringing both fuels down from their three-month peak.
Q.What factors did regulators cite for influencing fuel prices over the past week?
What factors did regulators cite for influencing fuel prices over the past week?
Regulators stated that fuel prices over the last seven days were influenced by the European Union's sanction package against Russia. Geopolitical tensions in the Middle East and the ongoing military conflict between Russia and Ukraine also played a part.
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