Gasoline and oil prices increased sharply from the afternoon of July 12.
From 3:00 p.m. today, each liter of E5 RON 92 gasoline increased by 850 VND, RON 95 increased by 870 VND and oil increased by 230-450 VND per liter.
According to adjusted information from the Ministry of Industry and Trade - Ministry of Finance,gasoline pricesE5 RON 92 from 3:00 p.m. on July 12 is highest at 20,610 VND per liter (up 850 VND); RON 95 is 21,780 VND per liter (up 870 VND).
Prices of all petroleum products have increased. Kerosene is 15,500 VND per liter, an increase of 450 VND. Diesel is 16,530 VND per liter, an increase of 420 VND. Madut is 15,670 VND per kg, an increase of 230 VND.
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| Gasoline and oil prices increased simultaneously. Illustrative photo |
In this period, the management agency has withdrawn from the Petroleum Price Stabilization Fund to oil products. Each liter of diesel oil is allocated 200 VND, kerosene is allocated 300 VND, and mazut is 300 VND per kg. At the same time, the management agency also spent 1,300 VND per liter of E5 RON 92 gasoline and 350 VND for RON 95 from the Stabilization Fund. Oil products are not allocated from the fund.
This is the third price increase since the end of May. Domestic retail gasoline prices have exceeded VND20,000 per liter. In total, each liter of E5 RON 92 gasoline has increased by VND2,190, while RON 95 gasoline has increased by VND2,250 compared to the end of May.
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| Gasoline price chart over the past 4 months. |