Will gas prices go down today?

Recently, world oil prices have been falling continuously. This is a signal that in today's regulation (October 20), domestic gasoline prices have a chance to fall.

Data from the Ministry of Industry and Trade shows that the average price of finished products in the Singapore market over the past 15 days has been above 67 USD/barrel, equivalent to the average price of the previous 15 days. With the increase in imported gasoline prices continuing to slow down, the pressure on domestic gasoline prices has also eased.

Domestic gasoline prices have basis to decrease (Illustration photo)

Thus, in today's gasoline price adjustment (October 20), gasoline prices may be kept at the current level of no more than VND17,999/liter, or further reduced.

However, the adjustment of domestic gasoline prices will depend on the weighted average tax rate applied for the fourth quarter of 2017.

In the previous gasoline price adjustment period (October 5), after 5 consecutive increases, gasoline prices were adjusted down. Specifically, the Ministry of Industry and Trade - Finance reduced the price of RON 92 gasoline by 112 VND/liter, the selling price not higher than 17,999 VND/liter; E5 gasoline decreased by 105 VND/liter, the selling price not higher than 17,731 VND/liter.

Diesel 0.05S increased by 147 VND/liter, but not higher than 14,588 VND/liter; kerosene increased by 318 VND/liter, but not higher than 13,433 VND/liter. Mazut increased by 212 VND/kg, but not higher than 11,748 VND/kg./.

According to VOV