Gasoline prices may fall further tomorrow
Each liter of gasoline in tomorrow's operating period could decrease by 300-500 VND if the operator does not use the Fund.
According to data from the Ministry of Industry and Trade, the average price of gasoline and oil in the Singapore market as of December 15 decreased slightly, with RON 92 around 84 USD per barrel, RON 95 at 89 USD, and oil around 110-120 USD per barrel.
The leader of a major petroleum company in Ho Chi Minh City said that the world market is still going down, so in the next adjustment period, domestic gasoline prices may continue to decrease.
"Each liter of gasoline is likely to decrease by 300-500 VND, and oil by 200-500 VND if the operator does not use the Stabilization Fund. On the contrary, if the management agency deducts from the Fund, the price of gasoline and oil can be kept the same," he said.
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| People fill up gas at a store on Xo Viet Nghe Tinh Street (Binh Thanh). Photo:Thanh Tung |
Similarly, the leader of a major enterprise in the North said that E5 RON 92 gasoline will drop to below 20,000 VND per liter, and diesel to 21,000 VND. This is also the lowest level in the past 3 years.
In the December 12 management period, gasoline and oil both decreased by more than 1,000 VND, bringing gasoline prices to the lowest level since the beginning of the year. Accordingly, RON 95-III gasoline fell to 21,200 VND; E5 RON 92 to 20,340 VND. Diesel oil decreased by 1,540 VND, to 21,670 VND; kerosene was 21,900 VND per liter, a decrease of 1,660 VND...
In the world market, according toOilpriceOn December 19, oil prices increased again but not significantly. US WTI oil traded at 75.5 USD, Brent oil traded at 80.35 USD per barrel. These prices are still lower than the previous operating period.
Robert Yawger, director of energy futures at Mizuho, said the economic outlook is poor and WTI oil prices are likely to fall to $70 a barrel again.
Meanwhile, according to information from the US Department of Energy, this agency will buy back 3 million barrels of domestic crude oil to supplement the strategic oil reserve that has been depleted due to having to open the warehouse many times this year.
