Gasoline under pressure to increase prices
Due to the 6-7% increase in world gasoline prices, if they want to "control" prices, the operator may have to release a lot from the price stabilization fund, especially when electricity is about to be adjusted.
March 17 is the date for adjusting gasoline prices for the new cycle, but because it is a holiday, the management agency moved it to Monday (March 18).
According to data from the Ministry of Industry and Trade, the average price of finished gasoline in the Singapore market in this cycle with RON 92 being 71.05 USD per barrel, RON 95 being nearly 72.65 USD per barrel, an increase of 6-7% compared to the previous period.
Therefore, in the new adjustment period of March 18, many opinions believe that gasoline and oil prices may continue to increase sharply. The director of a petroleum wholesale enterprise in Ho Chi Minh City said that world gasoline and oil prices are constantly climbing and this is the cycle in which gasoline prices reached a record level in the past year, at times reaching up to 76 USD per barrel. Therefore, in tomorrow's adjustment period, if the management agency does not use the Price Stabilization Fund, the price may increase by 600 - 800 VND per liter. On the contrary, if the agency allocates and increases the use of the fund at a ratio of 50/50 (both using the fund and increasing the price), gasoline and oil may only increase by 300 - 400 VND per liter.
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Gasoline prices are under great pressure to increase. Photo:Ngoc Thanh. |
However, there are also opinions that, despite being under great pressure from the world to adjust gasoline prices, they can still be held back to avoid causing a strong impact on the CPI, especially in the context of the average electricity price expected to increase by more than 8% from the end of March.
At the management session on March 2, the authorities increased each liter of E5 RON 92 gasoline by 939 VND, RON 95 gasoline by 946 VND. Kerosene products also increased by 700 - 959 VND per liter, kg depending on the type.
After the price increase, E5 RON 92 gasoline is at most 17,211 VND per liter, RON 95 gasoline is 18,549 VND; diesel is 15,868 VND; kerosene is 14,855 VND and mazut is 14,083 VND per kilogram.
Along with the price increase, the operator also increased the disbursement of the Price Stabilization Fund for gasoline. Specifically, the disbursement from the Price Stabilization Fund for E5 RON 92 gasoline increased to VND2,000 per liter; for RON 95 gasoline increased to VND1,250. Meanwhile, the disbursement of the fund for diesel and kerosene remained the same as 15 days ago, except for the fund disbursement for mazut, which decreased to VND1,400 per kilogram.
