Gasoline prices may increase on Monday (November 20)

The sharp increase in gasoline prices on the world market in recent days may cause domestic retail prices to be adjusted.

This Sunday is the 15-day deadline for the domestic gasoline price adjustment cycle, however, because this is a holiday, the management agency has postponed it to Monday (November 20).

According to data from the Ministry of Industry and Trade, the average price of finished gasoline on the Singapore market as of November 18 was about 73.77 USD per barrel, up 4.6% compared to the previous cycle (70.5 USD per barrel). Therefore, in this new adjustment period, gasoline prices will continue to increase.

Gasoline prices may increase tomorrow. Photo: Ngoc Thanh

According to petroleum wholesalers, the world's gasoline prices have not shown any signs of slowing down. Therefore, although the stabilization fund is being used, the new cycle's gasoline prices may increase by 200-600 VND per liter. If the management agency uses more of the stabilization fund, the gasoline price may increase slightly.

In the adjustment period on November 4, the price of RON 92 gasoline increased by 271 VND per liter; E5 gasoline increased by 224 VND. Oil products also increased by 199 - 265 VND per liter, kg depending on the type. After adjusting the price of mineral gasoline to a maximum of 18,146 VND; E5 gasoline is 17,858 VND per liter; diesel is 14,611 VND per liter, kerosene is 13,198 VND per liter and mazut is 11,909 VND per kg. In this adjustment period, the operator only used the Petroleum Price Stabilization Fund to increase mineral gasoline by 170 VND per liter, up to 300 VND per liter; E5 gasoline increased by 190 VND per liter, up to 300 VND...

Since the beginning of the year, gasoline prices have undergone 21 adjustments, including 9 price increases, 9 price decreases, and 3 price unchanged.

According to VnExpress