An employee refills a motorbike at a fuel station in HCMC, October 2022. Photo by VnExpress/Thanh Tung
Vietnam gasoline prices surged by around 10% Thursday afternoon amid rising tension in the Middle East.
The popular fuel RON95 went up 10.9% from a week ago to VND22,340 (US$0.85) per liter.
Biofuel E5 RON92 added 9.8% to VND21,440.
Diesel increased by 19.5% to VND23,030.
Fuel prices were affected by the escalation of conflict in the Middle East late last week.
Qatar has halted liquefied gas production, Israel has temporarily shut its gas fields, while Saudi Arabia has closed the country’s largest oil refinery due to the fighting.
Shipping activity through the Strait of Hormuz – the “chokepoint” of global oil flows – has been nearly paralyzed as more than 10% of the world’s container fleet is stranded there.
RON95 has risen 14% to $92.78 per barrel while diesel went up 23% to $114.5.
