Fuel prices in Vietnam rise on global oil recovery

Thanh Nien News

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A gas station in Hanoi. Photo: Ngoc Thang/Thanh Nien A gas station in Hanoi. Photo: Ngoc Thang/Thanh Nien


Vietnam ratcheted up pump prices on Thursday and global oil prices recovered after a sharp decline last year. 
That was the third hike in fuel prices this year. The Ministry of Industry and Trade and the Ministry of Finance review retail prices for adjustment every 15 days.
The popular gasoline grade RON 92 are now sold at VND15,586 (69 US cents) per liter, up 4.3 percent. 
E5, the greener gasoline product that has struggled to make inroads in the local market, saw a similar rise to VND15,076 (66 cents) per liter, while diesel rose by 6.2 percent to VND11,023 (48 cents) per liter.
After consecutive cuts at the beginning of the year, gasoline prices in Vietnam hit a seven-year low on February 18. They rebounded on March 21 and increased again on April 4.
Brent crude was sold at $45.74 per barrel on Thursday, up 16 percent from a month ago.

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