The Ministry of Finance and the Ministry of Industry and Trade have just adjusted the retail price of gasoline and oil in the adjustment period; The application time is from 3:00 p.m. on September 5.
Specifically, the price of E5 RON 92 gasoline increased by VND132/liter, not higher than VND23,471/liter; RON 95 gasoline increased by VND270/liter, not higher than VND24,871/liter.
In this adjustment period, diesel price increased by 291 VND/liter, not higher than 22,645 VND/liter.
Kerosene increased by 505 VND/liter, not higher than 22,814 VND/liter; Mazut 180CST 3.5S decreased by 277 VND/kg and not higher than 17,704 VND/kg.
Since the beginning of the year, gasoline prices have undergone 25 adjustments, including 15 increases, 7 decreases, and 3 unchanged prices.
In today's operating session, the joint ministries did not set aside the Price Stabilization Fund for all petroleum products, and did not spend the Price Stabilization Fund for all petroleum products.
According to the Ministry of Finance, as of July, this fund had a surplus of VND7,438 billion. Therefore, the management agency has stopped allocating to this fund since the first operating period in July until now.
World prices have increased sharply in the past half month due to concerns about tighter supplies as Russia intends to extend cuts in oil export production.
The average price of each barrel of RON 92 (the type used to blend E5RON92 gasoline) increased by nearly 0.5%, to 103.25 USD; RON 95 was 109.23 USD, up 0.7%. Kerosene also increased by nearly 2% per barrel, to 118.82 USD; diesel was 117.71 USD, while fuel oil decreased by 2.54% to 530.47 USD.
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