Recent fluctuations in global oil markets have led to a noticeable decrease in fuel prices across various regions. In Germany, diesel and gasoline prices have dropped significantly, with diesel now costing 1.609 euros per liter, a decrease of 3.4 cents compared to the previous week. The automobile club ADAC noted a delayed reaction in fuel prices following a decline in oil prices. Initially, prices remained high due to geopolitical tensions, particularly in the Middle East, but have since eased.
Similarly, in Vietnam, gasoline and diesel prices have fallen to their lowest since June 12, with RON 95 and E5 RON 92 experiencing notable decreases. This decline is linked to OPEC+ plans to boost oil production and geopolitical developments. The reductions in fuel costs are expected to aid inflation control and lower business production expenses. Travelers are advised to avoid highway gas stations due to higher prices, while evening refueling could offer more savings. These global trends show that while fuel prices rapidly increase in response to oil price hikes, decreases are often slower to materialize.
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