Gasoline price rises to six-week high

By Dat Nguyen   January 18, 2024 | 03:42 am PT
Gasoline price rises to six-week high
An employee refills a motorbike in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Gasoline and diesel prices on Thursday climbed for the second week in a row, with gasoline being at the highest since early December.

The popular gasoline RON95 rose 2.51% to VND22,480 per liter, highest since Dec. 7.

Biofuel E5 RON92 went up 1.76% to VND21,410.

Diesel increased by 2.49% to VND20,190, highest since Nov. 23.

Gasoline prices rose globally in the last seven days due to escalating tension in the Middle East and a slower-than-expected recovery in China’s economy. Red Sea conflicts and the surge of the U.S. dollar were also contributing factors, according to the Ministry of Industry and Trade and the Ministry of Finance, which control gasoline prices.

RON95 rose 2.7% to $101.43 per barrel while diesel went up 2.4% to $100.84.

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