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Gasoline prices soar to new heights in 2023

By Rajiv Menon
1 min read
In this article (4)

Gasoline prices on Thursday rose to another new peak this year while diesel prices continued to climb.

The popular gasoline RON95 went up 3.5% to VND25,740 ($1.06) per liter. This was its seventh increase in the last two months.

RON95 has risen by around 10% since the beginning of the year.

Biofuel RON92 rose 3.07% to VND24,190.

Diesel went up 2.34% VND23,590.

Authorities said that global prices have been rising in the last 10 days due to increasing demand as OPEC+ countries limited their supply.

RON92 went up 4.7% to $107.95 per barrel, while RON95 rose 4.6% to $114.02. Oils increased by 1.8%-3.4% per barrel.

Questions & Answers

Q.

What was the new price for RON95 gasoline after the latest increase?

A.

RON95 gasoline now costs VND25,740 per liter, following a 3.5% increase. This is its seventh price rise in the past two months this year.

Q.

How much has the price of RON95 risen in total since the start of the year?

A.

Since the beginning of the year, RON95 gasoline has seen its price increase by approximately 10%. This figure includes the most recent surge of 3.5%.

Q.

What reasons have authorities given for the recent increase in gasoline and diesel prices?

A.

Authorities stated that rising global prices over the last 10 days are due to increasing demand. This is happening as OPEC+ countries continue to limit their oil supply.

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