Gasoline prices edged up slightly, while diesel prices rose sharply.

Prices for both E5RON 92 and Ron95-III gasoline increased slightly from this afternoon. (Illustrative image.)

The global oil market is influenced by factors such as a sharp decline in US fuel inventories, OPEC's continued optimism about oil demand prospects, and concerns about supply due to global conflicts. From August 1st to 10th, gasoline and oil prices fluctuated with alternating increases and decreases, but overall they were upward.

In response to global fuel price fluctuations, the Ministry of Industry and Trade and the Ministry of Finance have decided not to allocate funds to the Price Stabilization Fund for all gasoline and diesel products; not to disburse funds from the Fund for gasoline, and to stop disbursing funds for kerosene and diesel, only disbursing funds for diesel at a rate of 150 VND/kg.

According to the decision, the selling prices of commonly consumed gasoline and diesel products on the market are as follows:

E5RON92 gasoline will not exceed 22,822 VND/liter (an increase of 31 VND/liter), which is 1,171 VND/liter lower than RON95-III gasoline.

RON95-III gasoline price will not exceed 23,993 VND/liter (an increase of 30 VND/liter).

Diesel fuel 0.05S will not exceed 22,425 VND/liter (an increase of 1,813 VND/liter).

Kerosene prices will not exceed 21,889 VND/liter (an increase of 1,619 VND/liter).

Fuel oil 180CST 3.5S should not exceed 17,668 VND/kg (an increase of 1,137 VND/kg).

Source: https://baodienbienphu.com.vn/tin-tuc/kinh-te/208148/gia-xang-%E2%80%9Cnhich%E2%80%9D-nhe-dau-tang-manh