Gasoline prices up in 5th straight time
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Gas prices went up for the fifth time in a row on Monday, having increased non-stop since early July.
The popular gasoline RON95 was 2.54% higher at VND24,600 per liter. Biofuel E5 RON92 rose 2.23% to VND23,330.
Diesel fell for the first time in more than three months, dropping 1.79% to VND17,980.
According to the Ministry of Industry and Trade and the Ministry of Finance, China used its oil reserves to prevent OPEC+ countries from reducing their supply.
RON92 was 3.14% more expensive at $102.76 per barrel.
But diesel dropped 0.3% to $116.72 per barrel.
Questions & Answers
Q.Which specific fuel type has seen its price decrease recently?
Which specific fuel type has seen its price decrease recently?
Diesel fell for the first time in over three months. Its price dropped by 1.79% to VND17,980 per litre. In terms of barrels, diesel decreased by 0.3% to $116.72.
Q.What reason was given for the recent changes in fuel prices?
What reason was given for the recent changes in fuel prices?
The Ministry of Industry and Trade and the Ministry of Finance stated that China used its oil reserves. This action was taken to prevent OPEC+ countries from reducing their supply of oil.
Q.What is the new price for RON95 gasoline after the recent increase?
What is the new price for RON95 gasoline after the recent increase?
RON95 gasoline is now VND24,600 per litre. This represents a 2.54% increase from its previous price. It has been rising non-stop since early July.
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