Gasoline prices in Vietnam have significantly dropped, with RON95 falling 1.63% and E5 RON92 down 2.71%, attributed to a global market downturn following a US-Iran ceasefire agreement. Domestic fuel supply is secured through April by local refineries and imports despite ongoing Middle East conflicts.
The EIA warns that global oil prices, specifically Brent crude, are expected to remain high at an average of $96 this year, despite a potential ceasefire and reopening of the Strait of Hormuz, due to persistent supply disruption concerns and the time needed for full recovery of oil flows. This forecast suggests sustained high fuel costs for consumers and businesses globally, impacting sectors like aviation and logistics.
Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.