Nghe An: People flock to fill up with gas ahead of forecasted price increase tomorrow (March 11)

According to the reporter's records on the afternoon of March 10, a series of gas stations in Vinh City had an unusually large number of customers. Many vehicles had to line up to wait their turn to fill up. According to the investigation, the reason was that before the forecast of a gas price increase tomorrow, March 11, many people took the opportunity to fill up and buy gas in reserve. In the photo: Gas station on Nguyen Phong Sac Street, Hung Dung Ward, on the afternoon of March 10. Photo: QA

The gas station at the intersection of Le Hong Phong and Nguyen Thi Minh Khai streets is in a similar situation. The number of people filling up is double that of normal days. Photo: QA

Cars lined up to fill up with gas on the afternoon of March 10. Mr. Tien, a driver, said: "After receiving the news that gas prices would increase, I immediately took my car to fill up with gas, but when I got there, I had to wait 10 minutes for my turn because many other vehicles were waiting like me." Photo: QA

A representative of a gas station said: The number of people coming to fill up gas started to increase from around 4 p.m. on March 10, and the closer to rush hour, the more crowded it became, causing local congestion. We had to mobilize all staff to serve people's needs. Photo: QA

Many people had to wait a long time to get their turn to fill up with gas. Photo: QA

Most people rushed to fill up their tanks before the gas price increase. Photo: QA

Some people, after filling up their gas tanks, also take the opportunity to bring plastic bottles and cans to buy spare gasoline. Photo: QA

Data from the Ministry of Industry and Trade updated to March 8 also shows that in the Singapore market, RON92 gasoline is priced at nearly 150 USD/barrel (up 36 USD/barrel compared to March 1); RON95 gasoline is priced at 144.8 USD/barrel (up 28 USD/barrel). Kerosene is priced at 147.7 USD/barrel (up 34.5 USD/barrel); diesel oil is 157.6 USD/barrel (up 40 USD/barrel), mazut is 700 USD/ton (up 145 USD/ton).

From the above figures it can be seen that,world petroleum product priceshas increased by nearly 20% per liter in the past 10 days. Many petroleum businesses calculate that, with the increase in world petroleum prices, the price of gasoline imported into Vietnam after adding taxes and fees will increase by over 2,000 VND/liter; the price of petroleum products will also increase by 1,000 - 1,500 VND/liter/kg in the price adjustment period on March 11.

In the most recent adjustment period (March 1), the price of E5RON92 gasoline increased by VND545/liter to VND26,077/liter; the price of RON95-III gasoline increased by VND547/liter to VND26,834/liter. The price of diesel oil increased by VND509/liter and is sold at VND21,310/liter; the price of kerosene is no higher than VND19,978/liter (an increase of VND469/liter compared to the current retail price); 180CST 3.5S fuel oil increased by VND536/kg to VND18,468/kg.

Since the beginning of 2022, the Ministry of Industry and Trade - Ministry of Finance has adjusted domestic gasoline prices 5 times and all 5 times the gasoline prices have increased. Compared to the adjustment period on January 11, the price of E5RON92 gasoline has increased by nearly 2,918 VND/liter, RON95 gasoline has increased by 2,958 VND/liter, diesel oil has increased by 3,071 VND/liter.../.