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Vietnam raises pump prices on global hikes

Vietnamese fuel traders on Friday increased retail gasoline prices by 5-7 percent, following the global upward trend.

The popular grade RON 92 is now sold at VND15,370 (69 US cents) per liter, up 4.6 percent.

E5, a greener alternative, went up 6.8 percent to VND15,220 (68 cents), while diesel rose by 2 percent to VND10,490 (47 cents) per liter.

The price of gasoline stood at $ 56.62 per barrel Thursday in Singapore, Vietnam’s major supplier, Nikkei Asian Review reported. The price has gone up 20 percent from the recent low in early August.

Chart: changes in retail price of RON 92, the popular gasoline grade in Vietnam, in 2016. Credit: Zing 

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