Gasoline prices reach 7-week high

The popular fuel RON95 went up 1.06% to VND20,090.

An employee refills a motorbike at a fuel station in HCMC in November 2022. Photo by VnExpress/Thanh Loc

Biofuel E5 RON92 gained 0.57% to VND19,460.

Diesel fell 0.94% to VND17,900.

Globally the oil market over the past 7 days has been influenced by various factors, such as a sharper-than-expected decline in U.S. crude oil inventories and discussions between the U.S. President and the Ukrainian President on a roadmap to end the conflict between Ukraine and Russia, according to the Ministry of Industry and Trade.

RON95 dropped 1.2% to $80.1 per barrel, while diesel declined 1.3% to $83.6 per barrel.