Fuel prices have risen sharply, with RON 95 reaching 21,061 VND/liter.

Fuel prices have risen sharply across the board - Photo: Q. DINH

Accordingly, gasoline price RON 95 gasoline increased by 1,258 VND/liter, reaching 21,061 VND/liter. Similarly, E5 gasoline increased by 996 VND/liter, reaching 19,846 VND/liter.

Diesel fuel 0.05S now costs 18,500 VND/liter, a significant increase of 1,099 VND/liter.

Kerosene is priced at 18,790 VND/liter, after an increase of 1,139 VND/liter. Mazut 180CST 3.5S is now priced at 15,911 VND/kg, an increase of 908 VND/kg.

Thus, after gasoline and diesel prices returned to an upward trend following a decline in the previous session and continuous increases in the two preceding sessions due to upward pressure from world prices.

During this period, the inter-ministerial committee continues to neither allocate funds nor disburse funds. stabilization fund Fuel prices for items such as E5 RON 92 gasoline, RON 95 gasoline, diesel fuel, kerosene, and fuel oil have not been used for several months.

According to the Ministry of Industry and Trade and the Ministry of Finance, the global oil market during this price adjustment period (from October 3rd to 10th) was influenced by many factors.

These concerns include escalating conflict in the Middle East, a major hurricane hitting the US causing a surge in fuel demand, and the ongoing military conflict between Russia and Ukraine…

The factors mentioned above have caused world oil prices to fluctuate in recent days, with some products rising and others falling, but the trend has been predominantly upward.

Specifically, RON 92 gasoline used to blend E5 RON 92 gasoline increased by nearly 7%; RON 95 gasoline increased by more than 7.90%; and other petroleum products also increased from 5% to over 7%.

Thus, from the beginning of the year until now, gasoline prices have increased 20 times and decreased 19 times. Diesel prices have increased 16 times and decreased 22 times.

Source: https://tuoitre.vn/gia-xang-dau-tang-manh-ron95-len-21-061-dong-lit-2024101015070752.htm