Gasoline prices dropped across the board from this afternoon
From 3:00 p.m. on August 16, each liter of gasoline decreased by 514 - 544 VND, oil products also became cheaper by 519 - 1,855 VND.
Prices of gasoline and oil products have decreased in line with the recent adjustment information from the Ministry of Industry and Trade - Ministry of Finance. Specifically, each liter of RON 95 gasoline decreased by 514 VND, E5 RON 92 by 544 VND; kerosene by 570 VND, diesel by 519 VND. Meanwhile, fuel oil decreased the most, by 1,855 VND/kg.
After the price reduction, RON 95 gasoline is at a maximum of VND20,405 per liter, E5 RON 92 gasoline is VND19,358; kerosene is no higher than VND15,396, diesel is VND16,504 and mazut is VND14,072 per kg.
Along with the price reduction, the joint ministry also adjusted the Stabilization Fund deduction level of 500 VND per liter or kilogram for gasoline and oil products, except for E5 RON 92 gasoline, which is deducted at 100 VND per liter. The operator also did not spend the Stabilization Fund on gasoline and oil products in this operating period.
According to data from the Ministry of Industry and Trade, the average price of finished petroleum products in the world over the past 15 days has been on a downward trend. Each barrel of RON 92 (used to blend E5 RON 92) decreased by 3.7%, to 66.966 USD; RON 95 also decreased by more than 4%, to 70.197 USD...
