Locals in Ho Chi Minh City flock to petrol stations amid fears of price hike

locals in hcm city flock to petrol stations amid fears of price hike picture 1

Many residents head out to purchase petrol from the early morning on June 13.

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A driver says that he and other local people have been forced to wait up to an hour for their turn to buy fuel due to the unusual level of crowding.

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Crowded scenes are recorded at a petrol station on Nguyen Van Cu road in District 5.

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Nguyen Van Phuoc, a resident of District 5, shares that he was unable to fill up with VND50,000, with prices set to cost even more from this afternoon.

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Workers endure a busy day ahead of petrol prices being adjusted from 3 p.m. on June 13.

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Car drivers also flock to fill up their vehicles before the domestic price of petrol reaches a new peak on the afternoon of June 13.

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Domestic petrol prices had previously set a new record of VND31,578 per litre following adjustments made by the Ministry of Finance and the Ministry of Industry and Trade at 3 p.m. on June 1.

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Moving forward, petrol prices are forecast to rise by VND700 to VND800 per litre as they surpass the price of VND32,000 per litre on the afternoon of June 13. This latest increase will mark the sixth consecutive hike in petrol prices this year alone.