Gasoline prices tiptoe up
In this article (4)
Gasoline prices rose slightly Thursday afternoon after hitting the lowest in nearly five months last week.
The popular fuel RON95 went up 1.18% to VND22,230 per liter. Biofuel E5 RON92 rose 0.80% to VND21,310.
Diesel increased by 1.13% to VND19,640.
Regulators said that gasoline prices fluctuated last week after the U.S. Energy Information Administration lifted its growth forecast on global fuel demand while the military conflict between Russia and Ukraine continued.
Gasoline prices rose 1.2-1.5% while oils went up 1.4-1.9%.
Questions & Answers
Q.Which specific fuel type saw the largest percentage increase in price?
Which specific fuel type saw the largest percentage increase in price?
RON95 experienced the largest percentage increase among the fuels mentioned, rising by 1.18% to VND22,230 per liter. Biofuel E5 RON92 and diesel saw smaller increases this week.
Q.What factors did regulators attribute to the recent fluctuations in gasoline prices?
What factors did regulators attribute to the recent fluctuations in gasoline prices?
Regulators cited two main factors for the price fluctuations: the U.S. Energy Information Administration lifting its global fuel demand growth forecast, and the ongoing military conflict between Russia and Ukraine.
Q.How much did the price of diesel increase by in the latest adjustment?
How much did the price of diesel increase by in the latest adjustment?
Diesel prices rose by 1.13% in the latest adjustment, reaching VND19,640. This was a smaller percentage increase compared to RON95, but higher than Biofuel E5 RON92.
Reader pulse
How will this fuel price rise impact your retail business?
21,061 votes so far