Retail prices of two popular gasoline products on the market continue to decrease. Photo: T.Hoa
The world oil and gas market during the period from May 23 to 29 was affected by factors such as: USD depreciation, concerns about US interest rates not decreasing for a long time, OPEC+ may maintain its policy of restricting crude oil supply at the meeting in early June 2024, the military conflict between Russia and Ukraine continues... The above factors have caused world oil and gas prices to fluctuate between increases and decreases in recent days.
In light of the above developments, fluctuations in the VND/USD exchange rate and current regulations, the Ministry of Industry and Trade - Ministry of Finance decided on a plan to manage gasoline prices to ensure domestic price fluctuations are consistent with world price fluctuations; continue to maintain the price difference between E5RON92 bio-fuel and RON95 mineral gasoline at a reasonable level.
The Joint Ministry decided not to set aside or use the Gasoline and Oil Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.
The selling prices of popular gasoline and oil products on the market are as follows:
E5RON92 gasoline: No higher than VND 21,759/liter (down VND 518/liter compared to current base price), VND 760/liter lower than RON95-III gasoline.
RON95-III gasoline: Not higher than VND 22,519/liter (down VND 694/liter compared to current base price).
Diesel 0.05S: Not higher than VND 19,747/liter (down VND 90/liter compared to current base price).
Kerosene: Not higher than VND 19,931/liter (increase of VND 29/liter compared to current base price).
Mazut oil 180CST 3.5S: Not higher than 17,538 VND/kg (increase 25 VND/kg compared to current base price.
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