No increase in petrol prices before the Lunar New Year
Operators increase the discharge level of the Price Stabilization Fund for gasoline and oil products to keep domestic retail prices stable before the Lunar New Year holiday.
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The Ministry of Industry and Trade - Ministry of Finance has just released information on the management of domestic gasoline retail prices. Accordingly, each liter of E5 RON 92 gasoline still costs 16,270 VND; RON 95 is 17,600 VND; diesel is 14,900 VND per liter... This move is made to stabilize and avoid price increases of domestic goods before the Lunar New Year 2019.
To maintain the domestic retail price, the operator continues to release more of the Petroleum Price Stabilization Fund to maintain the domestic selling price of this item. Specifically, the increase in the Stabilization Fund for E5 RON 92 gasoline is 1,673 VND per liter, an increase of 221 VND; RON 95 has a Fund release of 825 VND per liter; and oil products are 652 - 1,196 VND per liter, kg.
This is the third consecutive adjustment period in January 2019, the Ministry of Industry and Trade - Ministry of Finance has not increased domestic retail prices, although the price of this commodity on the world market has increased. According to calculations, in the past 15 days, the average price of finished petroleum products on the world market has increased by 2 - 7% depending on the type.
