Tomorrow (September 20), will gasoline prices increase sharply for the 5th consecutive time?

In the past 15 days, world oil prices have continued to increase, so tomorrow's oil prices are likely to increase.

According to finished product price data on the Singapore market, the average gasoline price over the past 15 days was around 67.7 USD/barrel, an increase of nearly 2 USD/barrel compared to the average price of the previous 15 days.

According to calculations, each liter of gasoline sold on the market is currently lower than the average import price of the past 15 days by about 400-500 VND/liter.

Thus, in the gasoline price adjustment tomorrow, September 20, gasoline prices may increase accordingly. If so, it will be the 5th consecutive time that domestic gasoline prices have been adjusted upward. The level of gasoline price increase tomorrow also depends on whether the regulatory agency uses the price stabilization fund or not.

In the previous adjustment period (September 5), gasoline prices were adjusted up for the fourth consecutive time. Specifically: RON 92 gasoline price increased by 306 VND/liter; E5 gasoline increased by 285 VND/liter; diesel increased by 155 VND/liter; kerosene increased by 149 VND/liter; and mazut increased by 43 VND/kg.

Faced with the pressure of the sharp increase in world oil prices over the past 15 days, the joint ministries also decided to release the price stabilization fund to control the increase in domestic oil prices. Specifically, mineral gasoline is 110 VND/liter (previous period only used 110 VND/liter); E5 gasoline: 90 VND/liter (previous period only used 90 VND/liter),...

The current market price of RON 92 gasoline is no higher than VND 17,792/liter; E5 gasoline is no higher than VND 17,539/liter; diesel is no higher than VND 13,950/liter; kerosene is no higher than VND 12,547/liter and mazut is no higher than VND 11,148/kg.

Since the beginning of the year, gasoline prices have undergone 17 adjustments. Of these, gasoline prices have increased 7 times, decreased 7 times, and the rest have remained unchanged.

According to VNN