Gasoline prices continue to increase sharply by more than 1,000 VND/liter

vietnamnet.vn April 17, 2019 15:25

During the gasoline price adjustment session this afternoon, April 17, the Ministry of Industry and Trade - Ministry of Finance decided to adjust the prices of all gasoline products with the highest increase of more than 1,200 VND/liter.

Specifically, E5RON92 gasoline increased by VND1,115/liter; RON95-III gasoline increased by VND1,202/liter; diesel increased by VND297/liter; kerosene increased by VND291/liter; and mazut increased by VND407/kg.

Thus, the selling prices of popular petroleum products on the market are not higher than the following prices: E5RON92 gasoline is not higher than VND 19,703/liter; RON95-III gasoline is not higher than VND 21,235/liter; diesel oil is not higher than VND 17,384/liter; kerosene is not higher than VND 16,262/liter; mazut oil is not higher than VND 15,617/kg.

Illustration photo.

The expenditure for using the Petroleum Price Stabilization Fund is as follows: E5RON92 gasoline is 1,456 VND/liter (previous period spent 2,042 VND/liter); RON95 gasoline is 743 VND/liter (previous period spent 1,304 VND/liter); fuel oil is not deducted from the stabilization fund (previous period spent 362 VND/kg).

The Ministry of Industry and Trade and the Ministry of Finance jointly informed that the average price of finished petroleum products in the world in the 15 days before April 17 was 77.895 USD/barrel of RON92 gasoline used to blend E5RON92 gasoline (up 3.99% compared to the previous period); 79.808 USD/barrel of RON95 gasoline (up 4.41% compared to the previous period),...

The price of ethanol E100 used to calculate the base price of E5RON92 gasoline according to Official Dispatch No. 400/BTC-QLG dated April 17 of the Ministry of Finance on petroleum business management is 14,725 VND/liter (excluding Value Added Tax).

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