Gasoline prices drop by less than 100 VND per liter

The price of each liter of mineral gasoline and bio-fuel decreased by 50-70 VND from 3:00 p.m. today, while oil products also increased by 55-142 VND per liter or kilogram.

The new retail price list announced by Vietnam National Petroleum Group (Petrolimex) will be applied to all petroleum products from 3:00 p.m. on March 6 as follows:

Petrolimex reduced retail prices of gasoline products by 50-70 VND compared to before.

Previously, according to the adjustment notice sent by the Ministry of Industry and Trade to key enterprises, the retail price of RON 92 gasoline will decrease by 76 VND, to a maximum of 18,022 VND per liter. E5 gasoline will decrease by 58 VND per liter, to 17,760 VND per liter.

Along with the price reduction, the Joint Ministry also decided to reduce the expenditure of the Price Stabilization Fund for gasoline to 0 VND per liter, a decrease of 300 VND compared to the management period on February 18.

On the contrary, oil prices increased by 55 - 142 VND per liter or kilogram depending on the type. After adjustment, kerosene prices will not be higher than 12,834 VND per liter, diesel 14,447 VND per liter and mazut 11,378 VND per kilogram.

According to the operator, the average price of finished gasoline in the world over the past 15 days has tended to decrease, at 65.677 USD per barrel, equivalent to 2.04% compared to the previous period.Since the beginning of the year, through 5 management periods, there have been 3 periods when the management agency requested to maintain domestic retail gasoline prices, 1 period when prices increased and 1 period when prices decreased.

According to VNE