Gasoline prices drop to near four-month low

By Anh Minh   May 4, 2023 | 12:35 am PT
Gasoline prices drop to near four-month low
An employee pumps gasoline into a motorbike in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
Gasoline prices on Thursday fell by more than 5% to the lowest since mid-January.

Starting from 3 p.m. RON95 declined by 5.5% to VND22,320 per liter. Biofuel E5 RON92 also dropped by 5.5% to VND21,430.

Diesel fell 5.9% to VND18,250, a new low since the beginning of the year.

The Ministry of Industry and Trade and Ministry of Finance, which manage fuel prices, said that fuel prices globally have been plunging in the last 15 days due to fear of economic recession.

RON95 fuel fell by 8.4% to $93.33 per barrel, while RON92 dropped 8.7% to $89.39.

Diesel declined by 7.2% to $90.91.

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