Companies face rising pressure from fuel prices

Fuel crunch: Motorcyclists riding in front of high-rise buildings in Hanoi. The price of RON95 petrol and diesel have climbed by around 10,000 dong per litre in total in the past seven days to 29,120 dong and 30,710 dong, respectively. — AFP

HANOI: Rising fuel prices driven by escalating tensions in the Middle East are putting fresh pressure on businesses across Vietnam, with the transport sector feeling the strain as operators grapple with sharply higher operating costs.

Domestic retail fuel prices have surged following three adjustments within a week.