Gasoline price exceeds 31,000 VND per liter

After adjustments from the Ministry of Industry and Trade - Ministry of Finance, the price of RON 95 gasoline from 3:00 p.m. on June 1 exceeded 31,000 VND per liter, at 31,570 VND. E5 RON 92 gasoline also increased by 600 VND, to 30,230 VND per liter.

Gas station in Ha Dong (Hanoi) on the afternoon of June 1. Photo:Ngoc Thanh

Prices of all petroleum products increased. Kerosene is 25,340 VND per liter, an increase of 940 VND. Diesel oil is 26,390 VND per liter, an increase of 840 VND. Fuel oil is 20,900 VND per kilogram, an increase of 310 VND.

This is the fifth price increase since April 21. In total, RON 95 gasoline is 4,260 VND more expensive per liter, E5 RON 92 also increased by 3,760 VND per liter.

In this period, the management agency also uses the Petroleum Price Stabilization Fund at 500 VND per liter for RON 95 gasoline, 100 VND for E5 RON 92. Oil products will stop spending from the Stabilization Fund.

The Ministry of Industry and Trade and the Ministry of Finance continue to stop deducting from the Petroleum Price Stabilization Fund, increase the deduction level for diesel to 100 VND, mazut to 300 VND per kg; and reduce the deduction level for kerosene from 300 VND to 100 VND per liter.