Gasoline prices continue to rise sharply
Each liter of E5 RON 92 gasoline increased by 985 VND, RON 95 gasoline increased by 956 VND after adjustment from 4:00 p.m. this afternoon (May 2).
According to information from the Ministry of Industry and Trade - Ministry of Finance, retail gasoline prices continued to be adjusted up for the third consecutive time since mid-March. Specifically, E5 RON 92 gasoline increased by 985 VND per liter, RON 95 gasoline increased by 956 VND. Oil products also increased by 311 - 385 VND per liter, kg depending on the type.
 |
After the price increase, RON 95 gasoline exceeded 22,000 VND per liter, up to a maximum of 22,191 VND; E5 RON 92 gasoline was up to 20,688 VND per liter. Diesel has a new price of 17,695 VND, kerosene 16,625 VND.
The gasoline price stabilization fund deduction level remains unchanged at VND300 per liter, but the operator continues to spend VND925 per liter on E5 RON 92 gasoline and VND283 per liter on RON 95 gasoline. These spending levels are down VND460-531 per liter compared to the previous management period 15 days ago.
The average price of finished petroleum products on the world market in the past 15 days continued to increase by 2.6-3.1%, forcing management agencies to increase domestic retail prices, even though the Petroleum Price Stabilization Fund at many businesses was negative.
The price of E100 ethanol used to calculate the base price of E5RON92 gasoline according to the official dispatch of the Ministry of Finance is 14,791 VND per liter (excluding VAT).
Thus, after 3 consecutive gasoline price management periods of the Ministry of Industry and Trade, the retail price of E5 RON 92 gasoline has increased by a total of 3,564 VND per liter; RON95 gasoline increased by 3,642 VND.
