Gasoline prices today March 13: All increased from 3pm
Today's gasoline price, March 13, was adjusted up by the Ministry of Industry and Trade - Ministry of Finance from 3:00 p.m.
Specifically, from 3:00 p.m. today, based on the management of the inter-ministerial committee, businesses listed the price of E5 gasoline to increase by 380 VND/liter, the selling price is 22,800 VND/liter.
RON95 gasoline price increased by 490 VND/liter, selling price is 23,810 VND/liter. Diesel price increased by 250 VND/liter, selling price is 20,500 VND/liter.
In this operating period, the Joint Ministry stopped spending from the Price Stabilization Fund and increased the allocation from the Gasoline Price Stabilization Fund compared to the previous period. Accordingly, the allocation from the Price Stabilization Fund for RON 95 gasoline increased from VND200/liter to VND300/liter. E5 gasoline increased from VND250/liter to VND300/liter. Diesel oil decreased from VND500/liter to VND300/liter.
The Ministry of Industry and Trade said: The above-mentioned plan to manage gasoline prices aims to ensure that fluctuations in domestic retail prices of gasoline products are consistent with fluctuations in world gasoline prices; continue to maintain the price difference between E5RON92 biofuel and RON95 mineral gasoline at a reasonable level to encourage the use of biofuel to protect the environment according to the Government's policy.
According to the Ministry of Industry and Trade, the world oil market in this operating period (from March 1, 2023 to March 13, 2023) is affected by factors such as: data on China's economic growth brings hope for oil demand growth; Russia cuts oil production by 500,000 barrels/day in March; the risk that the US Federal Reserve (Fed) may push the operating interest rate higher than expected to control inflation...
These factors affect the price of gasoline and oil, causing it to fluctuate, but generally increase.
In the most recent adjustment period (March 1), the prices of petroleum products were adjusted down. At that time, the price of RON 95 gasoline decreased by 120 VND/liter, the selling price was 23,320 VND/liter. The price of E5 gasoline decreased by 120 VND/liter, down to 22,420 VND/liter. The price of diesel oil decreased by 550 VND/liter, the selling price was 20,250 VND/liter. The price of kerosene decreased by 370 VND/liter, the selling price was 20,470 VND/liter.
Also at the operating session on March 1, the Ministry of Industry and Trade - Ministry of Finance decided to set aside the BOG Fund for 2 gasoline products, set aside the BOG Fund for kerosene products, reduce the BOG Fund for diesel products, and continue not to set aside the BOG Fund for fuel oil products. Specifically, the BOG Fund for E5 RON 92 gasoline is set at 250 VND/liter; RON 95 gasoline is set at 200 VND/liter; diesel oil is set at 500 VND/liter; kerosene is set at 300 VND/liter; fuel oil is set at 0 VND/kg.