Gasoline and oil prices both decrease

According to the adjustment of the Ministry of Industry and Trade - Ministry of Finance, from 3:00 p.m. this afternoon, the price of RON 95-III gasoline decreased by 80 VND, to 23,780 VND per liter; E5 RON 92 is 22,670 VND per liter, equivalent to a decrease of 40 VND.

Except for fuel oil, which increased by 20 VND to 14,780 VND per kilogram, other oil products all decreased. Diesel oil decreased by 180 VND to 24,800 VND per liter; kerosene has a new price of 24,640 VND, down 100 VND compared to 10 days ago.

Along with the price adjustment, the operator also set aside VND200 per liter for RON 95-III gasoline, increasing the set aside for E5 RON 92 to VND250 per liter. Kerosene and diesel continue to not be set aside for the fund in today's operating period. Meanwhile, fuel oil has a set aside rate of VND300 per kilogram.

Illustration from the Internet.

The fund expenditure level continues to be maintained at 0 VND per liter/kg for gasoline and oil products.

Currently, the retail price of each liter of gasoline is calculated based on the base price - a price that is made up of many factors, including the gasoline business costs of the enterprise. Business costs include import premium (the amount that the main enterprise must pay to suppliers in the import contract); domestic source premium (the amount that the main enterprise pays to domestic oil refineries) and other costs.

According to the Ministry of Industry and Trade - Ministry of Finance, the general trend of world finished petroleum prices over the past 10 days has been a decrease for gasoline, kerosene, diesel and a slight increase for fuel oil. The average price of RON 95 per barrel decreased by 0.4% to 100.78 USD; diesel decreased by 2.2% to 129.52 USD per barrel; fuel oil increased by 0.27% to 429.92 USD per barrel...