Gasoline prices today: All down
Gasoline prices have decreased across the board since 3pm today, February 21.
Accordingly, the price of E5 gasoline decreased by 320 VND/liter, the selling price is 22,540 VND/liter. The price of RON95 gasoline decreased by 320 VND/liter, the selling price is 23,440 VND/liter. The price of diesel oil decreased by 760 VND/liter, the selling price is 20,800 VND/liter.
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| Gasoline prices decreased in the operating period on February 21. |
In this management period, the Ministry of Industry and Trade - Ministry of Finance stopped spending from the Petroleum Price Stabilization Fund. The Ministry also stopped setting aside the Petroleum Price Stabilization Fund for E5 gasoline and RON95 gasoline; setting aside the Petroleum Price Stabilization Fund for diesel is 600 VND/liter.
In the most recent adjustment period (February 13), the Ministry of Industry and Trade - Ministry of Finance increased the retail price of gasoline products but adjusted down the price of oil products. Accordingly, E5 gasoline increased by 540 VND/liter, the selling price was 22,860 VND/liter. RON95 gasoline price increased by 620 VND/liter, to 23,760 VND/liter. Kerosene decreased by 980 VND, to 21,590 VND/liter. Diesel price decreased by 960 VND, to 21,560 VND/liter. Mazut price decreased by 300 VND/kg, to 13,630 VND/kg.
Speaking at the Workshop "Contributing Comments on the Draft Decree amending Decree 95/CP and 83/CP on petroleum business" on February 14, a series of petroleum businesses complained about being in a state of loss for over a year.
Mr. Dau Anh Tuan, Deputy General Secretary, Head of the Legal Department (VCCI), recounted: “I heard businesses say that in the past few decades, there has never been a case of having to sell at a loss, spending money on houses to maintain sales. That is the difficulty of businesses.”
According to Mr. Tuan, petroleum is a particularly important commodity of the country. Managing petroleum prices is difficult. High prices are beneficial to businesses but affect consumers, businesses and the economy; on the contrary, if prices are close to costs, lower prices will affect and cause shortages for business activities.
