Gasoline prices exceed 31,000 VND per liter.
From 3 PM today, the price of E5 RON 92 gasoline will increase by 600 VND per liter, RON 95 gasoline by 920 VND per liter, and other petroleum products by 310-940 VND per liter.
Following adjustments by the Ministry of Industry and Trade and the Ministry of Finance, the price of RON 95 gasoline exceeded 31,000 VND per liter from 3 PM on June 1st, reaching 31,570 VND. E5 RON 92 gasoline also increased by 600 VND, reaching 30,230 VND per liter.
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| A gas station in Ha Dong (Hanoi) on the afternoon of June 1st. Photo:Ngoc Thanh |
Prices of all petroleum products have increased. Kerosene is now 25,340 VND per liter, up 940 VND. Diesel is 26,390 VND per liter, up 840 VND. Mazut is 20,900 VND per kg, up 310 VND.
This is the fifth price increase since April 21st. In total, RON 95 gasoline has increased by 4,260 VND per liter, and E5 RON 92 gasoline has also increased by 3,760 VND per liter.
During this period, the regulatory agency also used the Fuel Price Stabilization Fund at a rate of 500 VND per liter for RON 95 gasoline and 100 VND per liter for E5 RON 92 gasoline. However, the use of the Stabilization Fund for other petroleum products will be discontinued.
The Ministry of Industry and Trade and the Ministry of Finance have decided to continue suspending contributions to the Fuel Price Stabilization Fund, while increasing the contribution rate for diesel to 100 VND and for fuel oil to 300 VND per kilogram; and reducing the contribution rate for kerosene from 300 VND to 100 VND per liter.
