Gasoline prices in Vietnam saw a slight decline Thursday afternoon, marking a change in trend after two weeks of increases, while diesel reached its lowest point in two months. The popular RON95 fuel has dipped by 0.95%, now priced at VND19,880. The decline offers a bit of relief to consumers who have weathered back-to-back price hikes.
In a similar vein, biofuel E5 RON92 experienced a 1.28% drop, settling at VND19,350. Meanwhile, diesel prices have plunged by 3.88%, hitting VND18,070—the lowest price since June 12.
This recent shift in the global fuel market has been influenced by a number of factors, including the U.S. decision to postpone higher retaliatory tariffs on China and OPEC+’s agreement to boost oil production in September, as noted by the Ministry of Industry and Trade.
On the international stage, RON95 has seen a 1.3% decrease, priced at $79.1 per barrel, while diesel has dropped a striking 4.67% to $84.7.
What are the current prices of gasoline and diesel in Vietnam?
As of now, RON95 is priced at VND19,880, biofuel E5 RON92 at VND19,350, and diesel at VND18,070, the latter reaching its lowest level in two months.
What factors contributed to the recent decrease in fuel prices?
The decline in prices has been influenced by the U.S. postponing higher tariffs on Chinese imports and OPEC+ deciding to increase oil production in the upcoming month.
How do these changes in fuel prices affect consumers?
The modest drop in fuel prices offers a welcome respite for consumers who have faced rising costs, potentially leading to a more favorable consumer sentiment amidst fluctuating market conditions.
