Gasoline Prices Hold Steady Despite Market Volatility

The price of RON95 gasoline has decreased by 1.39% over the past week, settling at VND20,560 (approximately $0.81) per liter. This stability in fuel prices comes amid a backdrop of global market fluctuations, including declining crude oil inventory in the U.S., anticipated production cuts by OPEC+, and the ongoing military conflict between Russia and Ukraine.

Biofuel E5 RON92 has seen a slight increase of 0.10%, reaching VND19,860 per liter, while diesel prices have dropped by 2.08% to VND18,380. Globally, gasoline prices have decreased by 1.7%, and oil prices have fallen between 1.9% and 2.3% over the same period.

Current Global Prices: RON95 is now at $83.9 per barrel, and diesel is at $87.6.