In Vietnam, gasoline prices experienced a reduction on Thursday afternoon, echoing the recent drop in global rates. The widely used fuel, RON95, underwent a decrease of 0.43%, bringing its cost down to VND18,630 (US$0.71) per liter.
In a similar trend, the biofuel E5 RON92 also saw a price reduction, decreasing by 0.49% to a new price of VND18,280 per liter. Diesel, on the other hand, experienced a price hike with an increase of 2.43% which resulted in a new price of VND17,700 per liter.
The change in fuel prices is reflective of the recent fluctuations in the global oil market. This volatility has been brought on by several different factors. These include the possibility of disruptions to oil supplies from Iran and ongoing tensions between the United States and Europe over issues pertaining to Greenland as reported by Vietnam’s Ministry of Industry and Trade.
In terms of specific fuel types, RON95 saw a decrease of 0.6% to a new price of $72.4 per barrel globally, while the cost of diesel increased by 2.9% taking it to a price of $83.4 per barrel.
What was the new price of the RON95 fuel in Vietnam?
The new price of RON95 fuel in Vietnam was VND18,630 per liter, which translates to US$0.71 per liter.
How did the price of diesel change?
The price of diesel experienced a hike of 2.43%, which resulted in a new price of VND17,700 per liter.
What factors have been affecting the global oil market recently?
The global oil market has been affected by various factors including possible disruptions to oil supplies from Iran and ongoing tensions between the United States and Europe over Greenland-related issues.
