Gasoline Prices Experience Significant Increase

The popular gasoline RON95 has seen a notable increase, climbing 2.24% to VND20,080 (US$0.79) per liter. This marks a significant rebound from the 6-month lows experienced recently.

Biofuel and Diesel Prices Also Adjust

In addition to RON95, Biofuel E5 RON92 prices also rose by 2.13% to VND19,690. Meanwhile, diesel prices remained steady at VND17,890, maintaining their position at the lowest since early October last year.

Factors Influencing the Market

Regulators have pointed to several factors contributing to the recent fluctuations in fuel prices. These include a decline in U.S. gasoline and oil product inventories, renewed tensions in the Middle East, and uncertainty surrounding U.S. tax policies on goods from other countries. Gasolines dropped 2.7-2.8% while oils (except diesel) declined by 0.2-0.5%. RON95 is now at $80.8 per barrel and diesel at $84.1.