Gasoline prices have decreased for the second time since the beginning of the year

Specifically, from 3:00 p.m. on February 22, the price of E5 RON 92 gasoline decreased by VND360/liter, selling price was VND22,470/liter; RON95 gasoline decreased by VND320/liter, selling price was VND23,590/liter; diesel oil decreased by VND450/liter, selling price was VND20,910/liter.

At today's management session, the Ministry of Finance and Industry and Trade did not set aside or spend the price stabilization fund for all types of gasoline.

At the price adjustment session on February 15, E5 RON92 gasoline was priced at VND22,831/liter; RON95 gasoline was priced at VND23,919/liter; and diesel oil was priced at VND21,361/liter.

In a related development, the Prime Minister has just requested the Ministry of Industry and Trade to submit a Decree amending and supplementing Decree No. 95/2021/ND-CP and Decree No. 83/2014/ND-CP on petroleum trading in March 2024.

Accordingly, The Prime Minister assigned the Ministry of Industry and Trade to innovate the mechanism for managing petroleum business hubs in the direction of reducing hubs and intermediaries even more, making it easier to inspect and monitor; implementing a roadmap for adjusting electricity prices appropriately, without jerkiness, without perfectionism, and without haste.

At the same time, urgently develop gas, wind and solar electricity prices in accordance with market mechanisms and submit them to the Government in the second quarter of 2024.

News and photos: HAN DANG