Gasoline prices continue to increase, reaching a peak of 25,000 VND/liter
Gasoline prices in the November 10 management period continued to increase while prices of many oil products remained unchanged.
Specifically, E5 RON92 gasoline increased by 559 VND/liter, selling price not exceeding 23,669 VND/liter.
RON95 gasoline increased by 658 VND/liter, selling price not exceeding 24,996 VND/liter.
Diesel oil remains at a selling price of no more than VND18,716/liter. Kerosene remains at a selling price of no more than VND17,637/liter.
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| Gasoline prices continue to rise. |
In this operating period, the joint ministry did not make any provision.Price stabilization fundFor E5 gasoline, RON95 gasoline and diesel, the fund is set at 150 VND/liter, and for kerosene and mazut, it is 500 VND/kg.
The Joint Ministry also uses the Price Stabilization Fund for E5 gasoline at 800 VND/liter, RON95 gasoline at 100 VND/liter, diesel at 8 VND/liter, and kerosene at 44 VND/liter.
MarketgasolineThe world's oil market has recently been affected by increased demand as countries shifted their response strategies to the Covid-19 pandemic towards living with the pandemic. In addition, the lack of coal and gas supply in some regions and the US's approval of an infrastructure investment package worth more than 1,000 billion USD, Saudi Arabia's increase in crude oil sales to the Asian region... have put pressure on increasing prices of finished petroleum products on the world market in the recent period.
Since the beginning of 2021, the Price Stabilization Fund has been continuously spending from 100-2,000 VND/liter/kg. In this operating period, if the BOG Fund is not increased for E5RON92 gasoline and the BOG Fund is not spent for RON95 gasoline, the price of gasoline products will increase from 758 VND/liter to 1,359 VND/liter./.
