Gasoline prices on Thursday rose to another new peak this year while diesel prices continued to climb.
The popular gasoline RON95 went up 3.5% to VND25,740 ($1.06) per liter. This was its seventh increase in the last two months.
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An employee fills a car with gasoline at a fuel station in Ho Chi Minh City. |
RON95 has risen by around 10% since the beginning of the year.
Biofuel RON92 rose 3.07% to VND24,190.
Diesel went up 2.34% VND23,590.
Authorities said that global prices have been rising in the last 10 days due to increasing demand as OPEC+ countries limited their supply.
RON92 went up 4.7% to $107.95 per barrel, while RON95 rose 4.6% to $114.02. Oils increased by 1.8%-3.4% per barrel.
Except for E5 RON 92, gasoline and diesel prices have risen by VND70-660 per liter starting 3 p.m. Tuesday.
Gasoline prices on Thursday fell by more than 5% to the lowest since mid-January.
Prices of gasoline and diesel went up Monday afternoon to the highest since Nov. 11.
Gasoline prices dropped Tuesday after two hikes in a row while diesel fell to this year's new low.
Vietnam’s RON95 gasoline price dropped 0.34% to VND23,780 ($0.96) per liter after rising in the last four adjustments.
Source: VnExpress
