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Gasoline prices tumble to 20-month low

By Phuong Dung   September 5, 2024 | 12:34 am PT
Gasoline prices tumble to 20-month low
An employee refills a motorbike at a fuel station in Ho Chi Minh City in September 2022. Photo by VnExpress/Quynh Tran
Gasoline prices on Thursday hit the lowest since December 2022, having in decline for the last two months.

The popular fuel RON95 dropped 1.33% to VND20,820 (US$0.84) per liter.

Biofuel E5 RON92 fell 1.77% to VND19,970.

Diesel declined by 2.06% to VND18,470.

Regulators said that fuel prices in the last seven days were affected by expectations of increased supply in Libya and OPEC+ countries and weak China’s demand.

Gasolines have fallen by 1.6-2.2% and oils have decreased by 2-3.1%. RON95 is now at $86.3 per barrel and diesel $87.

 
 
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