Tuesday , October 4 2022

Gasoline prices fall fourth consecutive time


Vietnam gasoline prices on Monday dropped 1.8 percent to the lowest since Feb. 21 as global rates declined.

A liter of popular RON 95 gasoline now costs VND25,600 ($1.10), while that of biofuel RON 92 E5 costs VND24,620.

This means prices have fallen 21.3-22.1 percent since this year’s peak on June 21.

Prices of diesel and kerosine also dropped 2.9-4 percent Monday.

On the global market, gasoline prices have decreased by 1.22-1.54 percent in the last 10 days, according to data from the Ministry of Industry and Trade and the Ministry of Finance.

WTI crude futures fell over 2 percent to below $98 barrel Monday as fears of a global slowdown outweighed continued supply disruptions and market tightness, according to Bloomberg.
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