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Hundreds of petrol stations in Vietnam's largest cities have shut or limited sales due to fuel supply difficulties. The Vietnamese industry minister said the dollar's rise is making fuel imports more expensive for importers.
The dong has lost about 8% against the dollar this year.
Fuel supply stress and costlier dollar-denominated imports raise transport and processing costs for feed distribution in Vietnam, supporting diesel prices.
reuters.comNov 5, 2022After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
