Gasoline prices surge
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Gasoline prices increased sharply Thursday afternoon after inching down last week.
The popular fuel RON95 rose 6.36% to VND21,060 (US$0.85) per liter.
Biofuel E5 RON92 increased by 5.25% to VND19,840.
Regulators said that prices in the last seven days rose as a hurricane made landfall in the U.S., resulting in a spike in demand in that country, and concerns over the military conflict in the Middle East.
In the last seven days, fuel prices have increased by 7-7.9% and oils have gained 5.2-7.4%. RON95 is now at $88.2 per barrel and diesel at $90.
Questions & Answers
Q.What were the new prices for RON95 and E5 RON92 fuel after Thursday's increase?
What were the new prices for RON95 and E5 RON92 fuel after Thursday's increase?
After the increase, the popular fuel RON95 rose to VND21,060 (US$0.85) per litre. Biofuel E5 RON92 increased to VND19,840.
Q.What factors did regulators cite for the recent rise in gasoline prices?
What factors did regulators cite for the recent rise in gasoline prices?
Regulators attributed the price increase to a hurricane making landfall in the U.S., which caused a spike in demand there. Concerns over the military conflict in the Middle East also contributed.
Q.By what percentage did RON95 and E5 RON92 fuel prices increase on Thursday?
By what percentage did RON95 and E5 RON92 fuel prices increase on Thursday?
On Thursday, the popular fuel RON95 rose by 6.36%. Biofuel E5 RON92 saw an increase of 5.25%.
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