Vietnam’s gasoline prices fell 1.56-1.74% on Monday while diesel prices surged 6%.
A liter of RON 95 now costs VND24,230 ($1.03), down 1.74%. That of biofuel E5 RON 92 costs VND23,350, down 1.56%.
Monday’s was the seventh consecutive downward adjustment made to gasoline prices, bringing prices down by 25.4-26.3% since this year’s peak on July 21.
Meanwhile, diesel surged 6% to VND25,180 a liter, marking the first time it surpassed gasoline prices.
Prices were hiked 9.7% in the two most recent adjustments but were 16.3% lower than this year’s peak.
On the global market, gasoline has decreased by around 2% while diesel prices surged 9.3%, according to data from the Ministry of Industry and Trade and Ministry of Finance.