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Gasoline prices dip to 15-month low

By Dat Nguyen   August 22, 2024 | 02:08 am PT
Gasoline prices dip to 15-month low
An employee operates a fuel dispenser in Ho Chi Minh City in 2019. Photo by VnExpress/Thanh Nguyen
Vietnam gasoline prices on Thursday fell to the lowest level since May last year.

The popular fuel RON95 dropped 2.47% to VND21,310 (US$0.85) per liter.

Biofuel E5 RON92 declined by 2.20% to VND20,420.

Diesel went down 2.20% to VND19,140.

In the last seven days, fuel prices were influenced by ceasefire talks in the Middle East, declining U.S. crude oil inventory, and the possibility of the Federal Reserve cutting its rates, regulators said.

Gasolines dropped 2.6-2.7% and fuels fell 2.2-3.3% in the period. RON95 is now at around $88.5 per barrel, and diesel at $90.5.

 
 
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