An employee operates a fuel dispenser in Ho Chi Minh City. Photo by VnExpress/Thanh Nguyen
Gasoline prices rose to the highest in nearly five months Thursday afternoon.
The popular fuel RON95 rose 0.99% to VND21,220, highest since Aug. 22.
Biofuel E5 RON92 gained 0.69% to VND20,570.
Diesel went up 2.81% to VND19,780.
Regulators said that prices in the last seven days were affected by increasing fuel demand in the U.S. and Europe due to cold weather.
The U.S. sanctions on Russian oil producers and transporters also pushed up fuel prices.
Gasolines gained 1.3-2.3% in the period while oils added 3.5-4%. RON95 is now priced $87.1 per barrel and diesel at $95.4.
