Gasoline prices continue to rise, reaching a peak of 25,000 VND/liter.
Gasoline prices continued to rise in the price adjustment period on November 10th, while the prices of many other petroleum products remained unchanged.
Specifically, E5 RON92 gasoline increased by 559 VND/liter, with the selling price not exceeding 23,669 VND/liter.
RON95 gasoline increased by 658 VND/liter, with the selling price not exceeding 24,996 VND/liter.
Diesel fuel prices remain unchanged at a maximum of 18,716 VND/liter. Kerosene prices remain unchanged at a maximum of 17,637 VND/liter.
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| Gasoline prices continue to rise. |
During this management period, the inter-ministerial committee did not make any allocations.Price stabilization fundFor E5 gasoline, RON95 gasoline, and diesel fuel, a fund contribution of 150 VND/liter is set aside, while for kerosene and fuel oil it is 500 VND/kg.
The inter-ministerial committee also allocated funds from the Price Stabilization Fund, subsidizing E5 gasoline at 800 VND/liter, RON95 gasoline at 100 VND/liter, diesel fuel at 8 VND/liter, and kerosene at 44 VND/liter.
MarketgasolineGlobal oil prices have recently been affected by increased demand as countries shift their strategies to respond to the Covid-19 pandemic towards living with the disease. In addition, shortages of coal and natural gas in some regions, the US approval of a $1 trillion infrastructure investment package, and Saudi Arabia's increased crude oil sales to Asia have put upward pressure on refined petroleum prices in the world market.
From the beginning of 2021 until now, the Price Stabilization Fund has continuously disbursed funds at a rate of 100-2,000 VND/liter/kg. In this price adjustment period, if the increase in disbursements from the Price Stabilization Fund for E5RON92 gasoline and the non-disbursement for RON95 gasoline are not implemented, the prices of these gasoline products will increase from 758 VND/liter to 1,359 VND/liter.
