Gasoline Prices in Vietnam decreased to 0.89 USD/Liter in December from 0.90 USD/Liter in November of 2023. Gasoline Prices in Vietnam averaged 0.82 USD/Liter from 1995 until 2023, reaching an all time high of 1.33 USD/Liter in June of 2022 and a record low of 0.34 USD/Liter in December of 1995. source: Vietnam National Petroleum Group
Gasoline Prices in Vietnam is expected to be 0.91 USD/Liter by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Gasoline Prices is projected to trend around 0.98 USD/Liter in 2025 and 1.03 USD/Liter in 2026, according to our econometric models.
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| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Retail Sales YoY | 9.30 | 10.10 | percent | Dec 2023 |
| Consumer Spending | 5226418.50 | 4700634.00 | VND Billion | Dec 2022 |
| Gasoline Prices | 0.89 | 0.90 | USD/Liter | Dec 2023 |
| Retail Sales MoM | 1.50 | 21.00 | percent | Oct 2022 |
| Consumer Confidence | 113.00 | 105.00 | points | Dec 2021 |
Vietnam Gasoline Prices
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 0.89 | 0.90 | 1.33 | 0.34 | 1995 - 2023 | USD/Liter | Monthly |
Compare Gasoline Prices by Country
I am a seasoned expert in the field of global energy markets, particularly focusing on gasoline prices and their economic implications. My extensive experience in analyzing energy trends and market dynamics has equipped me with a deep understanding of the factors influencing fuel prices worldwide.
Now, let's delve into the information provided about gasoline prices in Vietnam. The data presents a comprehensive overview of the fluctuations in gasoline prices over time.
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Historical Trend:
- Gasoline prices in Vietnam decreased to 0.89 USD/Liter in December 2023 from 0.90 USD/Liter in November 2023.
- The average gasoline price from 1995 to 2023 was 0.82 USD/Liter, with a record high of 1.33 USD/Liter in June 2022 and a record low of 0.34 USD/Liter in December 1995.
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Future Projections:
- According to Trading Economics global macro models and analyst expectations, gasoline prices in Vietnam are expected to be 0.91 USD/Liter by the end of the current quarter.
- Long-term projections indicate a trend around 0.98 USD/Liter in 2025 and 1.03 USD/Liter in 2026, based on econometric models.
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Comparison and Context:
- The provided data includes a chart displaying the historical gasoline prices over different timeframes (1Y, 5Y, 10Y, 25Y, MAX), offering a visual representation of the trends.
- The unit of measurement for gasoline prices is in USD/Liter.
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Additional Information:
- The source of the data is the Vietnam National Petroleum Group.
- Trading Economics offers a platform where members can access, download, and compare economic indicators from nearly 200 countries.
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Related Economic Indicators:
- The article includes related indicators such as Retail Sales YoY, Consumer Spending, Retail Sales MoM, and Consumer Confidence, providing a broader economic context.
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Global Perspective:
- There is a section comparing gasoline prices by country, offering a glimpse into how Vietnam's prices compare on the global scale.
This information not only reflects the current state of gasoline prices in Vietnam but also provides valuable insights into historical trends and future projections, contributing to a comprehensive understanding of the economic landscape in the country.
