Vietnamese Tiếng Việt | Sunday, March 24, 2019 | Advertise with Us
Text Size

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

(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 :

» Vietnamese firms urged to go digital to keep competitive

Vietnamese businesses have been urged to embrace digital transformation to remain competitive and enhance their value.

» Vietnamobile appoints Christina Hui as new CEO

Vietnamobile Telecommunications JSC (Vietnamobile) has appointed Christina Hui, a representative from Hong Kong’s Hutchison Group, as its new CEO, succeeding...

» More Vietnamese consumers embracing digital payments: Visa

Vietnamese consumers are embracing digital payments as a faster and more convenient way to pay, with consumers using their credit and debit cards more often...