Gasoline and oil prices continue to fall to their lowest level in more than a year
Each liter of gasoline decreased by 370-500 VND, oil products also decreased by 70-150 VND per liter, kg depending on the type, from 3:00 p.m. today.
According to the adjustment of the Ministry of Industry and Trade - Ministry of Finance, each liter of RON 95-III gasoline decreased by 500 VND, to 20,700 VND per liter. E5 RON 92 gasoline has a new price of 19,970 VND, a decrease of 370 VND.
With the continued reduction in today's operating period, gasoline prices have returned to the same level as in June 2021.
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| Each liter of gasoline decreased by 370-500 VND, oil products also decreased by 70-150 VND per liter. |
Oil prices have also cooled down. Kerosene and diesel have both dropped by VND70 compared to 10 days ago, to VND21,830 and VND21,600 per liter, respectively. Fuel oil alone has dropped by VND150, to VND12,680 per kilogram.
In today's operating period, the operator continues to stop making provisions for the Price Stabilization Fund, as well as spending from this fund.
According to the Ministry of Industry and Trade and the Ministry of Finance, not deducting or disbursing the Price Stabilization Fund is aimed at supporting the reduction of gasoline prices and stabilizing the market at the end of the year and during the Lunar New Year.
The average price of finished gasoline over the past 10 days has decreased by 1-1.3%, while oil prices have increased slightly. For example, each barrel of RON 95 gasoline is now at 87.24 USD per barrel, down nearly 1.4%. Diesel oil has increased by 1.2 USD per barrel, to 112.49 USD; kerosene is 108.97 USD per barrel, nearly 1.2 USD more expensive...
