Oil prices increase, gasoline decreases

Each liter of E5 RON 92 gasoline decreased by 10 VND, RON 95-III remained the same, and oil products (except kerosene) increased by 260-420 VND.

According to the joint management of the Ministry of Industry and Trade - Ministry of Finance today, the price of RON 95-III gasoline (the popular type on the market) remains the same as 7 days ago, at 22,140 VND per liter; E5 RON 92 decreased by 10 VND, to 21,180 VND per liter.

Diesel and fuel oil increased by 260-420 VND, while kerosene decreased by 40 VND to 20,450 VND per liter. Thus, after a sharp increase last week, this adjustment left gasoline prices almost unchanged, while oil prices fluctuated.

Gasoline and oil prices today after adjustment as follows:

Item	New price	Change
RON 95-III gasoline	22,140	0
E5 RON 92 gasoline	21,180	- 10
Diesel	19,780	+260
Kerosene	20,450	- 40
Fuel oil	15,680	+420

Unit: VND/liter or kg, depending on the type

Since the beginning of the year, domestic fuel prices have been adjusted 37 times, of which 18 times increased, 13 times decreased and 5 times remained unchanged.

Similar to a week ago, except for fuel oil which has a deduction of 300 VND per kg into the Petroleum Stabilization Fund, the remaining petroleum products still maintain a deduction of 0 VND and stop using from this fund.

The Ministry of Industry and Trade and the Ministry of Finance said that the world oil market has increased and decreased alternately over the past 7 days due to forecasts that US crude oil reserves will decrease while inventories increase and transportation activities in the Red Sea have resumed.

The average price of RON 92 gasoline (the type used to blend E5 RON 92) is 88.29 USD per barrel, down 0.11%; RON 95 is 92.34 USD per barrel, down 0.01%. Meanwhile, oil products increased by 0.23-3.6% compared to 7 days ago, such as diesel and kerosene at 99.24 USD and 101.95 USD per barrel, respectively.

Mr. Minh

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