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Gasoline prices fall marginally, diesel surges

By Anh Minh   September 5, 2022 | 04:07 am PT
Gasoline prices fall marginally, diesel surges
A gas station employee in HCMC's Thu Duc City updates gasoline prices, Sept. 5, 2022. Photo by VnExpress/Quynh Tran
Vietnam’s gasoline prices fell 1.56-1.74% on Monday while diesel prices surged 6%.

A liter of RON 95 now costs VND24,230 ($1.03), down 1.74%. That of biofuel E5 RON 92 costs VND23,350, down 1.56%.

Monday’s was the seventh consecutive downward adjustment made to gasoline prices, which have brought prices down by 25.4-26.3% since this year’s peak on July 21.

Meanwhile, diesel surged 6% to VND25,180 a liter, marking the first time it surpassed gasoline prices.

Prices were hiked 9.7% in the two most recent adjustments but were 16.3% lower than this year’s peak.

On the global market, gasoline has decreased by around 2% while diesel prices surged 9.3%, according to data from the Ministry of Industry and Trade and Ministry of Finance.

 
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