How will retail gasoline prices be adjusted today?

Many comments say that it is very likely that the management agency will use the Price Stabilization Fund to operate, not increasing or decreasing gasoline prices.

According to the cycle of adjusting retail prices of gasoline and oil, today (April 20), the Ministry of Industry and Trade - Ministry of Finance will announce the base price from which the main gasoline and oil trading enterprises will adjust the retail prices of these products.

Some analysis shows that gasoline prices are likely to remain unchanged during the April 20 adjustment.

According to updated data from the Ministry of Industry and Trade, as of April 14, the price of gasoline in Singapore - Vietnam's main import market - was 52.42 USD/barrel, the price of kerosene was 50.09 USD/barrel, the price of diesel and fuel oil was 48.24 USD/barrel and 192.39 USD/ton, respectively. These prices are higher than the prices of the previous adjustment period on April 5.

However, in recent days, crude oil prices in the world market have continuously decreased. By April 18, oil prices had decreased for 4 consecutive sessions. According to analysts, how domestic gasoline prices will be adjusted on April 20 will depend on the price movements of these commodities in the international market on April 20. Accordingly, if world oil prices continue to decrease, businesses may make a profit, but currently oil prices are losing about 50 VND/liter.

According to the leader of a major petroleum business in the North, if the world oil price continues to decrease, the business may make a profit, but currently the oil price is losing about 50 VND/liter. "If the business loses or profits at a low level, the management agency may use the Stabilization Fund to operate instead of increasing or decreasing the price. Therefore, it is likely that in this adjustment cycle, the gasoline price will remain the same," the leader predicted.

It is known that currently, the retail price of gasoline also includes standard costs, standard profits, import tax, environmental tax, the level of the Stabilization Fund... If tax and fee factors are eliminated, the price of gasoline in Vietnam could be only about 7,000 VND/liter.

Most recently, on April 5, the retail price of each liter of RON 92 gasoline was adjusted up by more than VND500, to a maximum of VND14,940, E5 gasoline was VND14,442, and oil products remained unchanged. This is the second consecutive increase in retail gasoline prices since March 21./.

According to VOV