Gasoline prices slightly decreased, kerosene increased sharply

(Dan Tri) - During the adjustment period on November 20, gasoline prices decreased slightly while kerosene prices increased significantly. Since the beginning of the year, RON 95 gasoline has increased 26 times and decreased 22 times.

On the afternoon of November 20, the Ministry of Finance and Industry and Trade adjusted retail gasoline prices, effective from 3:00 p.m. the same day.

Accordingly, the regulatory agency decided to reduce the price of E5 RON 92 gasoline by 40 VND/liter and RON 95 gasoline by 30 VND/liter. After adjustment, the retail price of E5 RON 92 gasoline is 19,800 VND/liter and RON 95 gasoline is 20,540 VND/liter.

Diesel oil decreased by 40 VND/liter to 19,820 VND/liter, kerosene increased by 350 VND/liter to 20,280 VND/liter; fuel oil decreased by 340 VND/kg to 13,730 VND/kg. The management agency still maintains not to draw from or spend from the price stabilization fund.

Thus, domestic gasoline prices have slightly decreased after only one increase. Since the beginning of the year, RON 95 gasoline has increased 26 times, decreased 22 times. Diesel oil has increased 24 times, decreased 22 times and remained unchanged once.

The fuel price stabilization fund of some key enterprises still recorded a large positive level because this fund has not been used in many recent management periods. The fund balance as of the end of the second quarter was more than 5,614 billion VND. Of which, the balance at the Vietnam National Petroleum Group ( Petrolimex ) accounted for half, at 3,084 billion VND.

In another development, the Ministry of Industry and Trade has just issued Circular 50 stipulating the roadmap for applying the blending ratio of biofuels with traditional fuels in Vietnam. From June 1, 2026, unleaded gasoline (according to current national technical regulations) must be blended and prepared into E10 gasoline (mixing 10% ethanol into unleaded gasoline) for use in gasoline engines nationwide.

At the same time, the blending and mixing of E5 RON 92 gasoline (mixing 5% ethanol into RON 92 gasoline) for use in gasoline engines will be implemented until the end of December 2030. Thus, the roadmap for applying E10 gasoline is 6 months later than the plan that the Ministry of Industry and Trade had proposed in the draft circular.

The Minister of Industry and Trade will review and adjust the biofuel blending ratio or add appropriate mineral gasoline products from time to time. This is to ensure energy security, the environment and consumer rights.

In addition, B5 and B10 biodiesel are not required to be blended for use in diesel engines. The Ministry of Industry and Trade encourages organizations and individuals to participate in the production and trading of these biodiesel products.

Source: https://dantri.com.vn/kinh-doanh/gia-xang-giam-nhe-dau-hoa-tang-manh-20251120143009421.htm