Gasoline and oil prices increase from 3pm this afternoon
Increasing by 320 VND, each liter of E5 RON 92 and RON 95 gasoline has a new price of 20,230 VND and 21,770 VND.
According to the announcement from the Ministry of Industry and Trade - Ministry of Finance on petroleum business management, the retail price of E5 RON 92 gasoline will increase by 320 VND per liter; RON 95 gasoline is 293 VND. Oil products also increased from 26 - 124 VND per liter, kg depending on the type.
After adjustment, each liter of E5 RON 92 gasoline is 20,230 VND, RON 95 21,770 VND; diesel oil maximum 18,126 VND; kerosene 16,683 VND and mazut 14,942 VND.
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In this operating period, the joint ministries kept the same level of deduction for the Price Stabilization Fund for gasoline and oil as 15 days ago, with the spending level for E5 RON 92 gasoline being VND1,563 per liter; RON95 being VND960; diesel and kerosene being VND400 and VND300 per liter, respectively.
The basis for the increase in domestic retail prices is that the world price of petroleum products continues to increase. On average, over the past 15 days, the price of each barrel of RON 92 gasoline (E5 RON 92 blended gasoline) is 86.823 USD; RON95 is 88.814 USD...
The price of E100 ethanol used to calculate the base price of E5 RON92 gasoline according to the Official Dispatch of the Ministry of Finance on petroleum business management is 14,874.60 VND per liter (excluding VAT).
This is the second consecutive increase in retail gasoline and oil prices in September, after two months of keeping them unchanged by the operator by using the Price Stabilization Fund.