Gasoline price drops by more than 1,000 VND
Except for fuel oil, which has decreased by 830 VND per kilogram, other gasoline and oil products have decreased by more than 1,000 VND per liter since 3:00 p.m. today.
According to the adjustment of the Ministry of Industry and Trade - Ministry of Finance, from this afternoon, the price of RON 95-III gasoline decreased by VND 1,080, to VND 22,700 per liter; E5 RON 92 is VND 21,670 per liter, equivalent to a decrease of VND 1,000.
Oil products also decreased. Diesel oil decreased the most (1,590 VND) to 23,210 VND per liter; kerosene has a new price of 23,560 VND, down 1,080 VND. Fuel oil also decreased to 13,950 VND, 830 VND lower than 10 days ago.
Despite the deep price reduction, each liter of diesel is still 510 VND higher than the price of RON 95-III gasoline.
Along with the price adjustment, the operator increased the deduction level for each liter of gasoline by 50 - 200 VND per liter. Specifically, the deduction level for RON 95-III increased to 400 VND per liter, and for E5 RON 92 to 300 VND per liter.
After many periods of maintaining the deduction level for diesel and kerosene at 0 VND, in today's management period, the authorities have deducted the Fund again, respectively 700 and 300 VND per liter. Fuel oil has a deduction level of 500 VND per kilogram, an increase of 200 VND compared to the management period on November 21.
The fund expenditure level continues to be maintained at 0 VND per liter/kg for gasoline and oil products.
The Ministry of Industry and Trade and the Ministry of Finance said that the world's finished petroleum prices have decreased by 6-11% in the past 10 days due to the Covid-19 epidemic in China and the plan to impose a price ceiling on Russian oil by Western countries. The average price of RON 95 per barrel decreased by 7.15% to 93.965; diesel decreased by 11.15% to 117.69 USD per barrel; fuel oil also decreased by 8.6% to 391.780 USD per ton...
In today's operating period, the cost of gasoline business still maintains the adjustment level from November 11, E5 RON 92 is currently 640 VND per liter; RON 95 is 1,280 VND per liter.
