Gasoline prices down by 3.6% a six-month low

[ASEAN NOW News]

An employee operates a gas pump at a station in Ho Chi Minh City, February 2022. Photo by VnExpress/Quynh Tran

 

Vietnam gasoline prices on Thursday dropped 3.6-3.8% to the lowest since Feb. 11 as global rates kept falling.

 

According to VN Express a liter of popular RON 95 gasoline now costs VND24,660 ($1.05), down VND940, while that of biofuel E5 RON 95 costs VND23,720, down VND900.

 

Thursday’s was the fifth consecutive downward adjustment made to gasoline prices. Compared to this year’s peak on June 21, prices have fallen by 24.22-24.98%.

 

Prices of diesel and kerosine also dropped 4.4-5.2%.

 

On the global market, gasoline prices have decreased marginally in the last 10 days, according to data from the Ministry of Industry and Trade and the Ministry of Finance.

 

On the global market WTI crude futures slipped toward $91 per barrel Thursday as concerns over supply disruptions eased and markets looked for evidence of improving fuel demand, Reuters reported.