In the new adjustment period, gasoline prices suddenly reversed and decreased.

According to data from the Ministry of Industry and Trade,Gasoline priceThe average price of finished products on the Singapore market updated to May 19 is as follows: RON 92 gasoline used to blend E5 RON 92 gasoline is priced at 73.79 USD/barrel, RON 95 gasoline is priced at 75.55 USD/barrel. In the previous management period, the average price of RON 92 gasoline was 74.24 USD/barrel, RON 95 gasoline was 76.36 USD/barrel. Thus, the price of finished gasoline on the Singapore market tends to decrease.

Abovemarketworld, as of early morning today (May 26, Vietnam time), the price of light sweet crude oil WTI for July 2021 delivery was at 65.89 USD/barrel, down 0.15 USD/barrel compared to the same time on May 25. Meanwhile, the price of Brent oil for July 2021 delivery stood at 68.65 USD/barrel, up slightly 0.15 USD compared to the same time on May 25.

Oil prices today tended to decrease slightly due to concerns about increasing crude supply after Iran and the International Atomic Energy Agency (IAEA) agreed to extend for 1 month the agreement to monitor nuclear facilities.

Experts say that world oil and gas prices have been on a slight downward trend in recent days. Therefore, domestic gasoline prices in the adjustment session tomorrow (May 27) may decrease following the trend of world gasoline prices.

If not affectedPrice stabilization fund(BOG), the price of E5 RON 92 gasoline may decrease by 140 VND/liter. Similarly, the price of RON 95 gasoline may also decrease by 150 VND/liter.

Meanwhile, oil prices have shown mixed trends of increase and decrease. According to forecasts, fuel oil prices may decrease by about VND300/kg, while diesel prices may increase by VND160/liter and kerosene prices may also increase by VND100/liter.

On the contrary, if the management agency increases the allocation or reduces the expenditure of the BOG Fund, the gasoline price may remain the same. In fact, the Ministry of Finance - Industry and Trade is not setting up a price stabilization fund for all types of gasoline and oil. The current level of expenditure using the stabilization fund is quite high (from the operating period from April 27 to May 12, the Ministry of Industry and Trade - Finance spent the BOG Fund at the level of 400-1,900 VND/liter/kg for gasoline and oil products).

In the most recent adjustment period (May 12), the Ministry of Industry and Trade - Ministry of Finance decided to increase gasoline and oil prices. Accordingly, the price of E5RON92 gasoline increased by 438 VND/liter, the selling price is not higher than 18,426 VND/liter. RON95-III gasoline increased by 370 VND/liter, the selling price is not higher than 19,531 VND/liter.

Kerosene is 13,820 VND per liter, up 570 VND. Diesel is 14,770 VND per liter, up 450 VND. Mazut is up 250 VND, to 14,270 VND per kilogram./.