Gasoline price dropped more than 1,000 VND at 3:00 p.m. this afternoon
From 3:00 p.m. this afternoon (December 6), each liter of E5 RON 92 gasoline will decrease to a maximum of 17,181 VND, and RON 95 gasoline to 18,459 VND.
According to the announcement from the Ministry of Industry and Trade - Ministry of Finance, domestic retail gasoline prices continue to decrease sharply. Specifically, E5 RON92 gasoline decreased by 1,446 VND per liter, RON 95 gasoline decreased by 1,513 VND. Oil products also decreased by 784-1,379 VND per liter, kg depending on the type.
After adjustment, the price of E5 RON92 biofuel is at a maximum of 17,181 VND per liter; RON95 gasoline is 18,459 VND. Diesel is no higher than 16,258 VND; kerosene is 15,252 VND and mazut is 14,402 VND per kg.
Along with the price reduction, the joint ministries also kept the provision level of 300 VND per liter for E5 RON92 and RON95 gasoline. For oil products, the provision level for the Price Stabilization Fund increased to 800 VND per liter and kg.
E5 RON 92 gasoline:
The reason for this sharp reduction in domestic retail prices of gasoline and oil, according to authorities, is that the average price of finished gasoline products in the world over the past 15 days has continued to decline. Each barrel of RON92 gasoline (used to blend E5RON92 gasoline) is now 62.845 USD; diesel is 74.325 USD...
The price of E100 ethanol used to calculate the base price of E5 RON92 gasoline according to the Ministry of Finance's official dispatch on petroleum business management is 14,778 VND per liter (excluding VAT).
Thus, domestic gasoline and oil prices have had 4 consecutive price reductions since October. In total, each liter of E5RON92 gasoline has decreased by more than 3,600 VND and RON95 gasoline by over 3,800 VND.