Gasoline prices fall

By Phuong Dung   July 18, 2024 | 12:18 am PT
Gasoline prices fall
An employee refills a motorbike in Ho Chi Minh City. Photo by VnExpress/Thanh Nguyen
Gasoline prices on Thursday fell for the second week in a row.

The popular fuel RON95 dropped 0.52% to VND23,170 ($0.92) per liter.

Biofuel E5 RON92 declined by 0.49% to VND22,170.

Diesel fell 1.58% to VND20,500.

Regulators said that price changes were affected by declining U.S. crude oil inventory, expectations that the U.S. Federal Reserve will lower interest rates, and ongoing military conflict between Russia and the Ukraine.

Gasolines dropped 0.6-0.7% in the last seven days while oils declined by 1.9-2.2%. RON95 is now at $97.1 per barrel and diesel $99.3.

 
 
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