Gasoline prices continue to decrease from 3:00 p.m. April 5

RON92 gasoline price decreased by 81 VND/liter, E5 gasoline decreased by 67 VND/liter and other types of oil decreased by 189 - 369 VND/liter.

The Ministry of Industry and Trade and the Ministry of Finance have just decided to adjust retail prices of gasoline and oil in the new management period.

Accordingly, from 3:00 p.m. this afternoon (April 5), the price of RON92 gasoline will decrease by 81 VND/liter to 17,233 VND/liter; the price of E5 gasoline will decrease by 67 VND/liter to 17,032 VND/liter.

Diesel 0.05S from 3:00 p.m. this afternoon decreased sharply by 369 VND/liter to a retail price of 13,469 VND/liter; Kerosene decreased by 189 VND/liter to 11,988 VND/liter and fuel oil 180CST 3.5S decreased by 234 VND/kg to 10,616 VND/kg.

Gasoline prices continued to decrease from 3:00 p.m. on April 5. RON92 gasoline decreased by 81 VND/liter, E5 gasoline decreased by 67 VND/liter, and other types of oil decreased by 189-369 VND/liter.

The joint ministries also decided to keep the current level of the Petroleum Price Stabilization Fund for petroleum products.

According to the guidance of the Ministry of Finance in Official Dispatch No. 4521/BTC-QLG dated April 4, 2017, the weighted average import tax applied in the formula for calculating the base price of petroleum products in the second quarter of 2017 will be calculated for gasoline at 10.21%; diesel at 1.18%; kerosene at 0.07%; and fuel oil at 2.66%.

Proportion of gasoline from imported sources and domestic production sources (Dung Quat Oil Refinery) to calculate special consumption tax in the base price: 47.41% from imported sources and 52.59% from domestic production sources.

The price of E100 ethanol used to calculate the base price of E5 gasoline according to Official Dispatch No. 339/BTC-QLG dated April 4, 2017 of the Ministry of Finance on petroleum business management is 13,813 VND/liter (excluding VAT).

With today's price adjustment, this is the third time since the beginning of 2017 that gasoline prices have been adjusted down after 3 price changes and 1 price increase.

The most recent adjustment, on March 21, the Joint Ministry adjusted the price of RON 92 gasoline down 708 VND/liter to 17,314 VND/liter. The price of E5 gasoline decreased 661 VND/liter to 17,099 VND/liter. Diesel products decreased 609 VND/liter to 13,838 VND/liter; kerosene decreased 607 VND/liter with a retail price of no more than 12,177 VND/liter. The selling price of mazut oil decreased 528 VND/kg to 10,850 VND/kg./.

According to VOV