Gasoline prices are rising close to 30,000 VND per liter.
From 3 PM today, each liter of RON 95 gasoline will increase by 1,550 VND to 29,980 VND - the highest price ever.
The Ministry of Industry and Trade - Ministry of Finance today increased the price of E5 RON 92 gasoline by 1,490 VND per liter and RON 95 gasoline by 1,550 VND. Thus, today's gasoline price is 28,950 VND per liter (for E5 RON 92) and 29,980 VND (RON 95). This is the second consecutive price increase since the end of April, and following this increase...price of RON95 gasolineThe price of gasoline has reached a new peak, 160 VND per liter higher than the level set in mid-March. Meanwhile, E5 RON92 is about 30 VND per liter lower than its peak in March.
Kerosene is priced at 25,160 VND per liter, an increase of 1,340 VND. Diesel is priced at 26,650 VND per liter, an increase of 1,120 VND. Only fuel oil remains at its original price of 21,560 VND per kilogram.
The regulatory agency continues to not disburse funds from the Price Stabilization Fund for gasoline and diesel. The fund disbursement for kerosene has increased to 300 VND per liter (previously 0 VND), and for fuel oil to 33 VND (previously 0 VND). The contribution to the Price Stabilization Fund for RON95 gasoline, E5 RON92 gasoline, and diesel remains at 100 VND per liter. Kerosene and fuel oil are not included in the fund.
Currently, some major petroleum businesses are experiencing deficits in their Price Stabilization Fund. For example, Petrolimex, which accounts for approximately 48% of the domestic retail petroleum market share, had a deficit of 53 billion VND as of 3 PM today.Fuel price stabilization fund.
The Ministry of Industry and Trade and the Ministry of Finance stated that the global oil market is experiencing significant fluctuations due to geopolitical instability, the EU's proposed sanctions on oil from Russia, and OPEC's failure to increase production as requested by the EU. The US announcement of purchasing an additional 60 million barrels of crude oil for its emergency reserves has also contributed to the scarcity of oil supply.
These factors are driving up the prices of refined petroleum products. Compared to last week, the price of RON92 gasoline - the type used to blend E5 RON92 - increased by nearly 8.3% per barrel, RON95 increased by 8.2%, and diesel by 5%...