From 0:00 today, April 1: Each liter of gasoline decreased by more than 1,000 VND, oil price increased
From 0:00 on April 1, each liter of gasoline decreased by 1,030-1,040 VND while diesel increased by 1,450 VND.
According to the Ministry of Industry and Trade - Ministry of Finance, with this adjustment, the price of E5 RON 92 gasoline decreased to 27,300 VND, and RON 95 gasoline is 28,150 VND.
Prices of all petroleum products increased by 500-1,520 VND per liter or kilogram depending on the type. Kerosene increased to 23,760 VND per liter, an increase of 1,520 VND. Diesel increased to 25,080 VND per liter, an increase of 1,450 VND. Madut oil increased to 20,920 VND per kilogram, an increase of 500 VND.
This time, the regulatory agency spends 500 VND per liter on kerosene (the previous regulatory period was 0 VND) and does not spend the Price Stabilization Fund on other gasoline and oil products. At the same time, the deduction levelPrice stabilization fundPrices of other goods also decreased compared to 10 days ago, diesel is 100 VND per liter; RON95 gasoline is 250 VND and E5 RON92 is 200 VND. This time, the price stabilization fund is not deducted for kerosene and mazut.
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Normally, new gasoline prices are adjusted every 10 days at 3:00 p.m., but in the April 1st adjustment period, the price was announced earlier due to the effect.environmental protection tax reductioneffective from 0:00.
This time, the environmental protection tax on gasoline prices has been reduced by 700-2,000 VND per liter, but due to the high increase in world prices, especially oil prices, the joint ministries are forced to use the Price Stabilization Fund at a reasonable level to reduce gasoline prices and limit the increase in oil prices compared to world prices.
If environmental protection tax is not reduced in today's management period, domestic gasoline prices will increase by 1,069-2,789 VND.
This is the first operating period in which the price of this item is subject to a 50% reduction in environmental tax according to the Resolution of the National Assembly Standing Committee. The tax reduction will be applied from April 1 to the end of this year.
