Gasoline prices rise
Vietnam gasoline and diesel prices rose on Thursday amid a hike in global fuel prices, but remained cheaper than in neighboring markets.
Gasoline prices across Vietnam have seen a notable increase in recent days. The E10 RON9 fuel, a popular blend, rose by 2.49% to VND22,660 (US$0.87) per liter. The E5 RON92 variant also saw a 2.83% hike to VND21,830. Diesel prices increased by a more significant margin of 4.81%, reaching VND28,540 per liter.
The rise in gasoline prices can be attributed to developments in the Middle East. Tensions escalated after the United Arab Emirates suspended all trade and financial transactions with Iran. This move has further strained fuel prices due to ongoing disruptions in oil shipments through the Strait of Hormuz and developments in U.S.-Iranian peace negotiations.
Even with this increase, Vietnam's gasoline prices remain relatively lower compared to neighboring countries. For instance, they are 15% lower than in Cambodia, 23% lower than in Thailand, 29% lower than in China, and a substantial 50% lower than in Laos. Despite the global surge in fuel prices, Vietnamese consumers continue to benefit from comparatively affordable fuel prices.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
