Gasoline prices continue to decrease, RON95 is now 23,020 VND/liter
The domestic gasoline prices today (November 23) were jointly managed by the Ministry of Industry and Trade and the Ministry of Finance in a downward direction. Of which, RON95 gasoline decreased by 510 VND, and diesel oil decreased by 600 VND/liter.
Based on the direction of the Ministry of Industry and Trade - Ministry of Finance, businesses simultaneously adjusted gasoline and oil prices from 3:00 p.m. today.
Accordingly, the price of E5 gasoline decreased by 580 VND/liter, the selling price is 21,690 VND/liter. RON95 gasoline decreased by 510 VND/liter, the selling price is 23,020 VND/liter.
Diesel price decreased by 600 VND/liter, selling price is 20,280 VND/liter.
In this management period, the joint ministries continued to stop setting aside the Gasoline and Oil Price Stabilization Fund and also did not spend the fund.
In the previous adjustment period (November 13), E5 gasoline price decreased by 340 VND/liter; RON95 gasoline decreased by 390 VND/liter; diesel price decreased by 1,060 VND/liter.
Recently, the Government issued Decree No. 80/2023 amending and supplementing a number of articles of Decree 95 and Decree 83 of the Government on petroleum and oil trading. This is the first operating period under the new regulations.
Accordingly, the time for managing gasoline and oil prices is carried out every Thursday. In case the time for managing prices coincides with the Lunar New Year, it is carried out as follows: If Thursday falls on the last day of the lunar year (29 or 30 of the Lunar New Year), the management of gasoline and oil prices is carried out on the preceding Wednesday. If Thursday falls on the 1st, 2nd or 3rd day of the Lunar New Year, the time for managing gasoline and oil prices is carried out on the 4th day of the Lunar New Year.
In case the operating time coincides with a holiday according to regulations, it shall be implemented as follows: If Thursday coincides with the first day of a holiday, the operating time of gasoline and oil prices shall be implemented on the preceding Wednesday.
If Thursday falls on any of the remaining holidays, the time for adjusting gasoline and oil prices will be implemented on the first working day after the holiday.
In case the prices of gasoline and oil products fluctuate abnormally, affecting socio-economic development and people's lives, the Ministry of Industry and Trade is responsible for reporting to the Prime Minister for consideration and decision on the appropriate time to manage gasoline and oil prices.
Thus, after Decree 80 takes effect, the petrol and oil management period will be implemented every Thursday.
