Gasoline price decreased by 124 VND/liter from the afternoon of October 20

DNUM_CAZBAZCABH 17:11

The Ministry of Industry and Trade and the Ministry of Finance decided to reduce gasoline prices from 4:55 p.m. this afternoon, October 20.

Accordingly, the price of RON 92 gasoline decreased by 124 VND/liter, the selling price is not more than 17,875 VND/liter. The price of E5 gasoline decreased slightly by 97 VND/liter, the selling price is not more than 17,634 VND/liter.

Oil prices also decreased simultaneously. Diesel oil decreased by 178 VND/liter, selling price not exceeding 14,410 VND/liter. Kerosene decreased by 434 VND/liter. Fuel oil decreased by 104 VND/kg, selling price not exceeding 11,644 VND/kg.

Giá xăng giảm lần thứ hai liên tiếp

In this gasoline price adjustment period, the Joint Ministry continues to use the price stabilization fund. Accordingly, the expenditure level for mineral gasoline is 130 VND/liter; E5 gasoline is 110 VND/liter; diesel is 180 VND/liter; and fuel oil is 100 VND/kg.

According to the Ministry of Industry and Trade, the average price of finished petroleum products in the world in the 15 days before October 20 was 66.98 USD/barrel of RON 92 gasoline; the price of diesel oil was 68.142 USD/barrel.

This time, the Ministry of Finance has provided the Ministry of Industry and Trade with the weighted average tax rate on gasoline as a basis for calculating gasoline prices.

Accordingly, the weighted average tax applied to calculate gasoline prices in the fourth quarter of 2017 is 8.56% (previous quarter was 9.31%), diesel is 2.15%, kerosene is 0.09% and fuel oil is 3.78%. Import tax rates are all lower than in the previous third quarter.

According to VNN

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Gasoline price decreased by 124 VND/liter from the afternoon of October 20
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