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Tag: fuel

  • Gasoline price up

    Gasoline price up

    Gasoline prices on Thursday increased after hitting a six-month low last week while diesel remained steady.

    The popular gasoline RON95 gained 2.24% to VND20,080 (US$0.79) per liter.

    Biofuel E5 RON92 added 2.13% to VND19,690.

    Diesel stayed at VND17,890, steady at the lowest since early October last year.

    Regulators said that fuel prices in the last seven days fluctuated due to 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.

  • Fuel prices decline

    Fuel prices decline

    Gasoline and diesel prices fell Thursday afternoon after reaching a six-month high a week earlier.

    The popular gasoline RON95 dropped 1.03% to VND21,110 (US$0.83) per liter.

    Biofuel E5 RON92 went down 0.96% to VND20,650.

    Diesel fell 0.58% to VND18,950.

    Regulators said that in the last seven days fuel prices were affected by the U.S.’ push on hiking tariffs on goods from China and other trading partners.

    Other factors included increasing U.S. oil reserves and the potential of a peace agreement between Russia and Ukraine.

    Gasolines dropped 1.5% in the period while oils fell 0.01%-1.5%.

    RON95 is now at $86.1 per barrel and diesel at $90.2.

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  • Gasoline price jumps to 6-month high

    Gasoline price jumps to 6-month high

    Gasoline prices on Thursday rose to the highest since August last year.

    The popular fuel RON95 went up 1.23% to VND21,330 a liter.

    Diesel dropped 0.05% to VND19,060.

    Regulators said that fuel prices in the last seven days were affected by cold weather in the U.S. and Ukraine’s attack on Russian oil infrastructure.

    Gasolines went up 1.2-1.4%, while oils fell 0.03-1.6%.

  • Fuel prices drop

    Fuel prices drop

    Gasoline and diesel prices in Vietnam mostly fell Thursday afternoon.

    The popular gasoline RON95 was priced at VND20,920, down 0.38% from seven days ago.

    E5 RON92 gained 0.25% to VND20,440. Diesel fell 0.99% to VND19,050.

    Regulators said that fuel prices in the last seven days were affected by increasing U.S. crude oil reserve, President Donald Trump’s halt on slapping tax on imports from Mexico, and concerns of a new trade war between the U.S. and China.

    Analysts have said that China’s retaliation with high tariffs on U.S. oil and gas products will divert the U.S. exports to other countries.

    In another development, the U.S. President declared “maximum pressure” on Iran. In response, the Iranian President also called on members of the Organization of the Petroleum Exporting Countries (OPEC) to unite against possible U.S. sanctions.

    Analysts expressed concern that if this sanction is reinstated, supply could be disrupted, pushing oil prices up.

    In the last seven days RON95 dropped 0.7% while oils fell 0.5-1.6%. RON95 is now at $86.2 per barrel and diesel $91.8.

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  • Gasoline prices slip from 3-month high

    Gasoline prices slip from 3-month high

    Gasoline and diesel prices both fell Thursday afternoon, hovering around the same level since mid-October, after reaching a three-month peak last week.

    The popular fuel RON95 dropped 2.19% to VND20,540 (US$0.81) per liter.

    Diesel declined by 0.53% to VND18,630.

    Regulators said that fuel prices in the last seven days were affected by the European Union’s adoption of a sanction package against Russia, geopolitical tensions in the Middle East, and the ongoing military conflict between Russia and the Ukraine.

    RON95 dropped 3-3.1% in the period while oils fell 0.8-1.9%. RON95 is now priced at $83.7 per barrel and diesel at $88.8.

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  • Gasoline prices reach 3-month peak

    Gasoline prices reach 3-month peak

    Gasoline prices in Vietnam climbed to a three-month Thursday afternoon.

    The popular fuel RON95 went up 1.99% from a week ago to VND21,000 (US$) per liter.

    Diesel jumped 2.63% to VND18,730.

    Fuel prices in the last seven days were affected by the European Union’s adoption of the 15th package of sanctions against Russia, a member of OPEC+. Prices were also influenced by geopolitical tensions in the Middle East and ongoing conflict between Russia and Ukraine.

    RON95 went up 2.5-2.6% in the period while oils went up 2.6-3.1%. RON95 is now at $86.2 per barrel and diesel $89.6.

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  • Gasoline, diesel prices drop

    Gasoline, diesel prices drop

    Vietnam gasoline and diesel price both declined Thursday afternoon.

    The popular fuel RON95 fell 0.39% to VND20,520 (US$0.81) per liter Thursday morning.

    Biofuel E5 RON92 went down by 0.57% to VND19,340 per liter.

    Diesel dropped 0.38% to VND18,500.

    Regulators said that fuel prices in the last seven days were affected by China’s economic stimulus plans failing to meet investors’ expectations, and ongoing tensions in the Middle East and between Russia and Ukraine.

    Gasolines fell by 0.6-0.9% in the period and oils went down 0.5%. RON92 is now at $83.6 per barrel and diesel $88.2.

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  • Gasoline prices surge

    Gasoline prices surge

    Gasoline prices increased sharply Thursday afternoon after inching down last week.

    The popular fuel RON95 rose 6.36% to VND21,060 (US$0.85) per liter.

    Biofuel E5 RON92 increased by 5.25% to VND19,840.

    Regulators said that prices in the last seven days rose as a hurricane made landfall in the U.S., resulting in a spike in demand in that country, and concerns over the military conflict in the Middle East.

    In the last seven days, fuel prices have increased by 7-7.9% and oils have gained 5.2-7.4%. RON95 is now at $88.2 per barrel and diesel at $90.

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  • Gasoline prices tumble to 20-month low

    Gasoline prices tumble to 20-month low

    Gasoline prices on Thursday hit the lowest since December 2022, having in decline for the last two months.

    The popular fuel RON95 dropped 1.33% to VND20,820 (US$0.84) per liter.

    Diesel declined by 2.06% to VND18,470.

    Regulators said that fuel prices in the last seven days were affected by expectations of increased supply in Libya and OPEC+ countries and weak China’s demand.

    Gasolines have fallen by 1.6-2.2% and oils have decreased by 2-3.1%. RON95 is now at $86.3 per barrel and diesel $87.

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  • Gasoline prices remain at 15-month low

    Gasoline prices remain at 15-month low

    Gasoline prices in Vietnam continued to fall Thursday and remained at its lowest level since May last year.

    Diesel fell 1.60% to VND18,470.

    Regulators said that prices fluctuated in the last seven days due to new developments in the Middle East crisis and declining crude oil inventory in the U.S.

    Gasolines fell 0.3-0.9% and oils dropped 0.2-1.6%. RON95 is now at $87.7 per barrel and diesel $89.1.

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  • Gasoline hits 5-week low

    Gasoline hits 5-week low

    Gasoline prices on Thursday fell to the lowest since June 20 in its third consecutive week of decline.

    The popular fuel RON95 dropped 1.25% to VND22,880 ($0.90) per liter.

    Biofuel E5 RON92 declined by 1.22% to VND21,900.

    Diesel fell 1.51% to VND20,190.

    Globally fuel prices in the last seven days were affected by expectations of a ceasefire deal between Israel and Hamas, a stronger U.S. dollar, and declining oil demand in China compared to last year, according to regulators.

    Gasoline fell by 1.6-1.7% globally and oil dropped 1.8-3% in the period. RON95 is now at $95.6 per barrel and diesel at $97.5.

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  • Gasoline prices slip after 5 weeks rising

    Gasoline prices slip after 5 weeks rising

    Gasoline prices on Thursday fell slightly after increasing non-stop since early June.

    The popular fuel RON95 dropped 1.10% to VND23,290 ($0.92) per liter. Biofuel E5 RON92 declined by 0.80% to VND22,280.

    Diesel fell 1.61% to VND20,830.

    Global gasoline prices in the last seven days were affected by possible ceasefire deals in the Gaza, the U.S. entering summer travel peak time, and the ongoing conflict between Russia and Ukraine, according to regulators.

    Gasoline has dropped by 0.1-0.4% while oils fell 1-1.4% in the period. RON95 is now at $97.8 per barrel, and diesel at $101.2.

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  • Gasoline prices move up

    Gasoline prices move up

    Gasoline prices rose for the second week in a row Thursday afternoon.

    The popular fuel RON05 went up 1.03% to VND22,460 ($0.88) per liter. Biofuel E5 RON92 rose 0.89% to VND21,500.

    Diesel increased by 3.66%.

    Globally fuel prices were affected by rising tension in the Middle East and Ukraine’s repeated attacks on Russia’s oil storage, regulators said.

    Gasoline added 1.3% while oil increased by 2.4-4.3%. RON95 is now at $92.7 per barrel and oil $98.9.

  • Gasoline prices tiptoe up

    Gasoline prices tiptoe up

    Gasoline prices rose slightly Thursday afternoon after hitting the lowest in nearly five months last week.

    The popular fuel RON95 went up 1.18% to VND22,230 per liter. Biofuel E5 RON92 rose 0.80% to VND21,310.

    Diesel increased by 1.13% to VND19,640.

    Regulators said that gasoline prices fluctuated last week after the U.S. Energy Information Administration lifted its growth forecast on global fuel demand while the military conflict between Russia and Ukraine continued.

    Gasoline prices rose 1.2-1.5% while oils went up 1.4-1.9%.

  • Gasoline prices near 5-month bottom

    Gasoline prices near 5-month bottom

    Gasoline prices in Vietnam continued their decline on Thursday and are now at the lowest since Jan. 11.

    The popular fuel RON95 dropped 2.40% from a week ago to VND21,970 ($0.86) per liter.

    It has been on a decline since mid-April, falling 12.9% in four weeks.

    Diesel fell by 1.62% to VND19,420.

    Regulators said that prices fluctuated in the last seven days due to rising supply in the U.S. and expectations of an increase in production in OPEC+ crude oil in the fourth quarter while the Russia-Ukraine military conflict continued.

    Globally gasoline prices fell 3-4.3% and oils dropped 1.7-2.2%.

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