Gasoline prices tomorrow may increase by 1,300 VND/liter
Fuel prices in the Singapore market increased by 8.7-11.4%, so each liter of gasoline in the country tomorrow may increase by 900-1,300 VND.
The price of finished gasoline in the Singapore market has increased sharply in the past half month. This is the reference for the Ministry of Industry and Trade - Ministry of Finance to adjust domestic retail prices, so it is likely that gasoline prices will jump from 3:00 p.m. tomorrow.
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The average retail price of 92 gasoline during this period was 67.29 USD per barrel, up 8.7% compared to the previous period. 95 gasoline increased by approximately 9% to 68.79 USD per barrel and on some days exceeded 71 USD per barrel. Kerosene and diesel fluctuated the most, 9.7% and 11.4% higher than the previous period, to 66.31 USD and 68.01 USD per barrel, respectively.
Leading a key businessgasolinein Ho Chi Minh City, the fuel market is rising rapidly due to information such as OPEC still wants to cut production in the context of a sharp decrease in US crude oil inventories, and China increasing imports. Therefore, domestic gasoline prices cannot avoid increasing following the world trend. |
| Gasoline prices may increase sharply tomorrow. Illustrative photo. |
"Each liter of gasoline tomorrow may increase by 1,050 - 1,300 VND, and oil by over 900 VND. It is likely that the regulatory agency will use the stabilization fund to limit the sudden increase after Tet," he predicted.
Last time, the Ministry of Industry and Trade - Ministry of Finance kept the price of E5 RON 92 gasoline unchanged at 16,309 VND per liter. RON 95 was 17,270 VND. Diesel was 13,042 VND. Kerosene was 11,908 VND. Madut was 12,622 VND per kg. The management agency also spent 603 - 1,729 VND from the fund to compensate for each gasoline product./.
