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Gasoline price hiked 2nd time this month

Updated: 21:25, 21/10/2022
Vietnam raised the RON95 gasoline price up 1.55% Friday to VND22,340 ($0.9) per liter, the second hike this month.

The Ministry of Industry and Trade and Ministry of Finance also raised the E5 RON92 biofuel price up 0.94% to VND21,490.

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An employee pumps gasoline into a motorbike in Thu Duc City on October 21, 2022.

Diesel prices were up 2.48% to VND24,780 per liter.

Gasoline prices have been adjusted 28 times this year, up 15 times and down 13.

Several gasoline stations put up "out of gasoline" signs this week as retailers continued to complain their commission is very low or even zero while buying from suppliers has been challenging.

Trade ministry data shows that crude oil prices have gone up 0.4-2.8% in the last 10 days depending on product.

Petrol prices up in latest adjustment
Retail prices of oil and petrol increased starting from 3pm on October 11, following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.
Finance Ministry provides favourable conditions for businesses to ensure petrol supplies
The Finance Ministry always offers all possible support to firms, especially distributors and retailers, to ensure stable petrol supplies, thus stimulating production-business and daily activities, said Minister Ho Duc Phoc.
Petrol prices down in latest adjustment
Retail prices of oil and petrol dropped from 3pm on October 3 following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.
Petrol prices continue to drop
Petrol prices continued to be adjusted down in the latest adjustment made on September 21 by the Ministries of Industry and Trade, and Finance.
Petrol prices down slightly
Petrol prices were reduced in the latest adjustment made on September 5 by the Ministries of Industry and Trade, and Finance.

Source: VnExpress

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