In response to global trends, Vietnam witnessed a reduction in gasoline prices on Thursday afternoon. The well-known fuel RON95 observed a decrease of 1.86% from the previous week, resulting in a new price of VND20,080 (US$0.76) per liter.
There was also a decrease in the price of Biofuel E5 RON92, which dropped by 1.06%, settling at VND19,610. Diesel experienced a similar reduction, with prices falling by1.25% to a new low of VND18,150. This is the lowest price recorded since October 23.
The global petroleum market has been notably influenced in the past week by several international events. These include the peace agreement between Russia and Ukraine and the decision by the U.S. Federal Reserve to lower interest rates, as reported by the Ministry of Industry and Trade.
In line with these developments, RON95 experienced a drop of 2.4%, with prices now at $79.9 per barrel. Diesel also saw a decrease, declining 1.5% to $84.83 per barrel.
What led to the decrease in gasoline prices in Vietnam?
The decrease in gasoline prices in Vietnam was influenced by the current global trends, notably the Russia-Ukraine peace agreement and the U.S. Federal Reserve’s decision to lower interest rates.
What is the new price for RON95 and Diesel?
The new price for RON95 is VND20,080 (US$0.76) per liter, and Diesel is VND18,150 per liter.
What other fuel experienced a price drop?
Biofuel E5 RON92 also saw a price reduction, dropping by 1.06% to VND19,610.
