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Gasoline prices soar

By Minjun Park
1 min read
fuel
fuel
In this article (4)

Gasoline and diesel prices both rose Thursday afternoon as global rates increased during the last seven days.

The popular fuel RON95 went up 2.79% to VND23,910 ($0.98) per liter.

Biofuel E5 RON 95 gained 3.21%r to VND22,830.

Diesel rose 3.18% to VND21,360.

A decline in production at U.S. refineries also caused prices to go up by 2.5-4.3%, according to the Ministry of Industry and Trade and the Ministry of Finance.

RON95 increased by 3.5% to $101.8 per barrel. Diesel rose 3.6% to $108.15.

Questions & Answers

Q.

What caused gasoline and diesel prices to rise last Thursday?

A.

Prices rose due to an increase in global rates over the past seven days. A decline in production at U.S. Refineries also contributed to the price hike, according to the Ministry of Industry and Trade and the Ministry of Finance.

Q.

How much did RON95 and E5 RON 95 biofuel increase in price per litre?

A.

The popular fuel RON95 went up 2.79% to VND23,910 per litre. Biofuel E5 RON 95 gained 3.21%, reaching VND22,830 per litre.

Q.

By what percentage did diesel prices rise per litre and per barrel?

A.

Diesel prices rose by 3.18% to VND21,360 per litre. In terms of barrels, diesel increased by 3.6% to $108.15, contributing to the overall price jump.

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