Monday , July 15 2024

Fuel prices rise after 6-week decline

Gasoline and diesel prices on Monday gained for the first time since April 11.

The popular gasoline RON95 went up 2.33% to VND21,490 per liter.

Biofuel E5 RON92 rose 1.74% to VND20,480.

Diesel increased by 1.70% to VND17,950.

Fuel prices globally have been rising by 0.73-3% in the last 10 days due to a production cut by OPEC+, concerns of the U.S. public debt, stalled manufacturing and high interest rates which could lead to an economic recession.

RON95 price went up 2.6% to $89.63 per barrel, and diesel rose 2.2% to $89.18.

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