The popular fuel RON95 went up 2.10% to VND23,810 ($1.01) per liter after two consecutive drops.

An employee pumps gasoline into a motorbike in Ho Chi Minh City.

Biofuel E5 RON92 rose 1.69% to VND22,800 per liter.

Diesel ended a streak of three declines in a row with a 1.23% increase to VND20,500 per liter.

The Ministry of Industry and Trade and the Ministry of Finance said that fuel prices globally have increased by 2.3-6.8% in the last 12 days.

RON95 rose nearly 2.4%, while diesel went up almost 1.8%, it said.

Fuel supply to increase by 10-15% next year

The trade ministry has asked businesses to purchase from local refineries and import 25.9-26.7 million m3 of oil and gas in 2023, a 10-15% increase from 2022.

Government will supply sufficient fuel for economy

Amid complaints from many lawmakers on the unstable fuel market, the government has promised to provide sufficient fuel for its economy to ensure smooth performance of businesses and the local market.

Fuel prices adjusted down on September 12

Fuel prices were slashed by over 1,000 VND per litre across the board on September 12.

Environment tax reduction on fuels to come into life from April 1

Environmental protection tax rates on fuels will be reduced from April 1 under the National Assembly (NA) Standing Committee’s resolution recently signed off by NA Chairman Vuong Dinh Hue.

Source: VnExpress