Mr. Nguyen Xuan Thang, Director of a Southern petroleum retail enterprise, said that in the management period this afternoon, gasoline prices may be adjusted down slightly by 150 - 200 VND/liter, while diesel prices may decrease by 50 - 100 VND/liter, kg.
Mr. Thang also said that in this management period, the joint Ministry of Finance - Industry and Trade will continue not to spend or withdraw from the gasoline price stabilization fund.
Meanwhile, according to the gasoline price forecast model of the Vietnam Petroleum Institute (VPI), in the operating period on October 17, gasoline prices may decrease by a small 0.1%, while oil prices may decrease by 0.3 - 0.7%.
In the most recent adjustment period (October 10), the price of E5 RON92 gasoline increased by VND996/liter, not higher than VND19,846/liter. The price of RON95 gasoline increased by VND1,258/liter, not higher than VND21,061/liter.
Diesel prices increased by VND1,099/liter to VND18,500/liter. Kerosene prices increased by VND1,139/liter to VND18,790/liter and fuel oil prices increased by VND908/kg, not higher than VND15,911/kg.
Since October 2023, the Ministry of Finance and the Ministry of Industry and Trade have continuously not set aside or used the petrol price stabilization fund. The Ministry of Industry and Trade explained that the reason is that since implementing the 7-day reduction in petrol prices, domestic petrol prices have been in line with the developments in world oil prices.
Along with that, the types of costs in the petroleum business are updated promptly, creating motivation for businesses to create adequate supply for the domestic market.
The report of the Ministry of Industry and Trade also assessed that the impact of adjusting gasoline prices on the socio -economic situation is not large, so there is no need to use the gasoline price stabilization fund.
On the world market, at 6:00 a.m. on October 17, Brent oil price was at 74.22 USD/barrel, down 0.03 USD/barrel compared to yesterday. WTI oil price was listed at 70.68 USD/barrel, up 0.29 USD/barrel.
Brent crude oil prices continued to fall on the weaker demand outlook. In addition, information that Israel will not attack Iran's nuclear and oil facilities also helped to "cool" concerns about supply disruptions.
HA (synthetic)Source: https://baohaiduong.vn/chieu-nay-gia-xang-trong-nuoc-co-the-giam-395842.html
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