Gasoline prices in Vietnam witnessed a significant surge on Thursday afternoon, marking their highest point since the beginning of the year. The commonly used fuel, RON95, experienced a hike of 1.13%, bringing its price up to VND18,840 (US$0.72) per liter.
Biofuel E5 RON92 also experienced a price increase, albeit a more modest one. Its price rose by 0.27%, leaving it at VND18,330 per liter. Diesel, a critical fuel for many industries, saw a noteworthy increase of 2.66%, pushing its price to VND18,170 per liter.
Several global factors have been cited as driving forces behind these price changes. The international fuel market has been affected by geopolitical tensions, particularly between the U.S. and Iran. In addition to this, the United States has seen a more substantial-than-anticipated dip in its oil inventories. Coupled with a weakening U.S. dollar, these factors have put pressure on global fuel prices, as noted by the Ministry of Industry and Trade.
In terms of international prices, RON95 saw an increase of 1.7%, which pushed its price to $73.6 per barrel. Diesel’s price also witnessed a significant uptick, with an additional 3.4%.
What was the price increase for the commonly used fuel RON95 in Vietnam?
RON95 experienced a price hike of 1.13%, which increased its price to VND18,840 (US$0.72) per liter.
What global factors have influenced the recent surge in fuel prices?
Several global factors, including geopolitical tensions between the U.S. and Iran, a substantial decline in oil inventories in the U.S. more than anticipated, and a weakening U.S. dollar have contributed to the increase in fuel prices.
How has the price of Diesel changed?
Diesel witnesses a significant price increase of 2.66%, leaving its price at VND18,170 per liter.
