Gasoline price sees 4th straight hike

By Anh Minh   November 11, 2022 | 01:25 am PT
Gasoline price sees 4th straight hike
An employee pumps gasoline into a car in Ho Chi Minh City in October 2022. Photo by VnExpress/Thanh Tung
Gasoline retail prices rose for the fourth straight time Friday after rising transportation cost was acknowledged to increase retailer commission.

RON95 pric went up 4.88% to VND23,860 ($0.95) per liter, while E5 RON92 price increased by 3.84% to VND22,710.

Diesel price fell by 0.36% to VND24,980.

Hanoi and Ho Chi Minh City continue to experience several stations running out of fuel or overloaded with customers.

Hanoi residents must now wait up to 30 minutes to fill their tanks. Some go to the fuel stations at midnight but still encounter a crowd.

Gasoline retailers have been complaining that buying from suppliers have been difficult lately as they themselves are out of inventory, and authorities’ delay in adjusting up retail price make them sell at a loss.

Vietnam's refined fuel imports in the first 10 months of 2022 rose 22.8% from a year earlier to 7.13 million tonnes, but costs rose 123.8% to $7.37 billion, according to official data.

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