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Gasoline prices drop to lowest level in nearly 4 years

Báo Công thươngBáo Công thương13/03/2025

Today's gasoline prices, from 3:00 p.m. on March 13, 2025, E5 RON 92 gasoline decreased by 680 VND/liter, RON 95 gasoline decreased by 753 VND/liter; oil prices also decreased sharply.


The Ministry of Industry and Trade - Ministry of Finance has just adjusted the retail price of gasoline and oil in the adjustment period today (March 13). The application time is from 3:00 p.m. on March 13, 2025.

Giá xăng dầu ngày 13/3/2025: Giá xăng giảm xuống mức thấp nhất gần 4 năm qua
Today's gasoline prices, from 3:00 p.m. on March 13, 2025, E5 RON 92 gasoline decreased by 680 VND/liter, RON 95 gasoline decreased by 753 VND/liter; oil prices also decreased sharply. Photo: TT

Specifically, the price of E5 RON 92 gasoline decreased by VND680/liter, down to VND19,281/liter; RON 95 gasoline decreased by VND753/liter, down to VND19,649/liter.

The price of diesel 0.05S decreased by VND435/liter, down to VND17,898/liter; kerosene decreased by VND483/liter, down to VND18,090/liter; the price of mazut 180CST 3.5S decreased by VND155/kg, down to VND16,995/kg.

In this operating period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and mazut oil.

According to the Ministry of Industry and Trade, the average price of finished petroleum products in the world between the price adjustment period on March 6, 2025 and the adjustment period on March 13, 2025 is 77.140 USD/barrel of RON92 gasoline used to blend E5RON92 gasoline (down 3.586 USD/barrel, equivalent to a decrease of 4.44%); 78.592 USD/barrel of RON95 gasoline (down 3.710 USD/barrel, equivalent to a decrease of 4.51%); 84.182 USD/barrel of kerosene (down 2.528 USD/barrel, equivalent to a decrease of 2.92%); 84.304 USD/barrel of 0.05S diesel oil (down 2.240 USD/barrel, equivalent to a decrease of 2.59%); 464.792 USD/ton of 180CST 3.5S fuel oil (down 4.242 USD/ton, equivalent to a decrease of 0.90%).

In the morning trading session on March 13, world oil prices increased when US government data showed that oil and fuel inventories were tighter than expected.

Specifically, at 7:00 a.m. (Vietnam time), Brent crude oil price reached 70.95 USD/barrel and West Texas Intermediate (WTI) crude oil price reached 67.68 USD/barrel. At the end of yesterday's trading session, both Brent crude oil price and WTI crude oil price increased by about 2%.

On March 12, Reuters cited data from the US Energy Information Administration (EIA) saying that US crude oil inventories increased by 1.4 million barrels last week, lower than the forecast of analysts on Reuters for an increase of 2 million barrels. However, the EIA report also showed that US gasoline inventories decreased sharply by 5.7 million barrels, while analysts predicted a decrease of 1.9 million barrels...

Previously, on March 6, the Ministry of Industry and Trade and the Ministry of Finance adjusted the gasoline price downward. Specifically, the price of RON 95 gasoline decreased by VND710/liter, the selling price was VND20,400/liter.

Similarly, the price of E5 gasoline was also adjusted down by 690 VND/liter, the selling price down to 19,960 VND/liter.

Meanwhile, diesel price was adjusted down by 620 VND/liter, selling price to 18,330 VND/liter.

In this operating period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.

Thus, the domestic price of RON 95 gasoline has decreased for 3 consecutive sessions. Currently, the price of this fuel has reached its lowest level in nearly 4 years, equivalent to June 2021 (on June 11, 2021, the price of E5 RON 92 gasoline was at VND 19,040/liter, RON 95 was VND 20,160/liter). Since the beginning of the year, RON 95 gasoline has increased 5 times and decreased 6 times. Diesel oil has increased 5 times and decreased 6 times.


Source: https://congthuong.vn/gia-xang-dau-ngay-1332025-gia-xang-giam-xuong-muc-thap-nhat-gan-4-nam-qua-378085.html

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