RON95-III gasoline price decreased by nearly 1,000 VND/liter

Retail prices of two popular gasoline products on the market have both decreased since this afternoon. Illustrative photo.

According to the joint ministries, the world oil market in this management period (from September 21 to October 1) is affected by factors such as: Concerns about tight supply after Saudi Arabia and Russia decided to cut production by 1.3 million barrels/day until the end of December; US crude oil reserves continue to decrease, Russia's fuel ban is relaxed and investors are worried that high interest rates may limit demand...

The above factors cause gasoline and oil prices to fluctuate up and down, but the general trend is downward.

In response to world price developments, the Ministry of Industry and Trade and the Ministry of Finance decided not to set aside and stop using the Price Stabilization Fund for the two gasoline products, reduce the Fund's spending level for diesel (from 300 VND/liter to 285 VND/liter) and kerosene (from 300 VND/liter to 109 VND/liter), and not spend the Fund for fuel oil.

The selling prices of popular gasoline and oil products on the market are as follows: E5RON92 gasoline is not higher than VND 23,502/liter (a decrease of VND 695/liter compared to the current retail price), lower than RON95-III gasoline by VND 1,341/liter.

RON95-III gasoline is not higher than VND24,842/liter (down VND906/liter compared to current retail price).

Diesel 0.05S is not higher than VND 23,594/liter (remains the same as current retail price).

Kerosene is not higher than VND 23,816/liter (remains the same as current retail price).

Mazut oil 180CST 3.5S is not higher than 17,452 VND/kg (395 VND/kg lower than current retail price).

Source: https://baodienbienphu.com.vn/tin-tuc/kinh-te/209413/gia-xang-ron95-iii-giam-gan-1000-donglit