Vietnamese Tiếng Việt | Sunday, December 16, 2018 | Advertise with Us
   
Text Size

Vietnam’s gasoline prices up by 6 percent in third consecutive hike

Share
(0 votes, average 0 out of 5)

Vietnamese fuel traders on Saturday increased gasoline prices again after two weeks, as global fuel prices rose by nearly 6 percent during the period.

The retail price of 92-RON went up 4.3 percent to VND16,509 (74 US cents) a liter since June 4. Photo: Thanh Nien

 

The retail price of 92-RON, the country’s most popular gasoline grade, went up 4.3 percent to VND16,509 (74 US cents) a liter, while its bio alternative E5 rose to VND15,938 a liter.

Diesel price increased 5.3 percent to VND11,908 a liter and kerosene rose to VND10,297 a liter.

Gas prices in Vietnam have increased for three consecutive times since May 5.

According to the Ministry of Industry and Trade, the 92-RON has increased by 5.9 percent, or by US$3.7 per barrel in the past two weeks.

In Singapore, Vietnam’s major import source, gas price is being sold for around $58 per barrel, a $6 increase over early this year.

In Vietnam, fuel price hikes have to be at least 15 days apart, according to a rule that was introduced in 2014.

 

Source: Thanh Nien News

Maybe You Also Interesting :

» Traditional bronze casting brings prosperity, pride

The traditional craft of bronze casting in Che Dong Village, Thieu Trung Commune in the central province of Thanh Hoa has been famous nationwide for...

» Community volunteer to guard endangered langurs

A farming community in the central province of Quang Nam has been volunteering to protect a critically endangered troupe of gray-shanked douc langurs...

» Thien Ma racetrack

Located in Da Oai commune in the Central Highlands province of Lam Dong, Thien Ma Madagui is one of the biggest racetracks in Southeast Asia.

Login