Gasoline prices tumble to 20-month low
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Gasoline prices on Thursday hit the lowest since December 2022, having in decline for the last two months.
The popular fuel RON95 dropped 1.33% to VND20,820 (US$0.84) per liter.
Diesel declined by 2.06% to VND18,470.
Regulators said that fuel prices in the last seven days were affected by expectations of increased supply in Libya and OPEC+ countries and weak China’s demand.
Gasolines have fallen by 1.6-2.2% and oils have decreased by 2-3.1%. RON95 is now at $86.3 per barrel and diesel $87.
Questions & Answers
Q.What is the current price of RON95 gasoline?
What is the current price of RON95 gasoline?
The popular fuel RON95 is currently priced at VND20,820, which is equivalent to US$0.84 per litre. This is a 1.33% decline from its previous level, reaching a 20-month low.
Q.What factors led to the recent drop in fuel prices?
What factors led to the recent drop in fuel prices?
Regulators stated that fuel prices were affected by expectations of increased supply from Libya and OPEC+ countries. Also, weak demand from China also contributed to the decline in prices over the last seven days.
Q.By what percentage have gasoline and oil prices generally fallen?
By what percentage have gasoline and oil prices generally fallen?
gasolines have seen a general fall of 1.6% to 2.2%. Oils have experienced a larger decrease, with prices declining by 2% to 3.1% in the recent period.
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