The Ministry of Finance - Industry and Trade has just adjusted the retail price of petrol. After setting aside and not spending using the Petroleum Price Stabilization Fund, the selling prices of popular consumer petroleum products on the market are as follows:
E5RON92 gasoline increased by 390 VND/liter, the selling price was not higher than 20.878 VND/liter; RON95 gasoline increased by 516 VND/liter, the selling price was not higher than 22.015 VND/liter.
Meanwhile, oil products were all adjusted down. Specifically, 0.05S diesel oil decreased by 11 VND/liter compared to the current retail price, not higher than 17.943 VND/liter; kerosene decreased by 198 VND/liter compared to the current retail price, not higher than 17.771 VND/liter; fuel oil 180CST 3.5S reduced by 275 VND/kg compared to the current retail price, not higher than 14.883 VND/kg.
The authorities said that the world petroleum market this operating period (from May 22, 5 to June 2023, 01) is influenced by factors such as: the production cuts of the OPEC+; concerns about the US public debt ceiling; Industrial activity stagnates and higher interest rates increase the risk of economic recession… these factors affect gasoline prices to fluctuate up and down.
The average price of finished petroleum products in the world between the operating period on May 22, 5 and the operating period on June 2023, 01 is: $6/barrel of RON2023 gasoline used to prepare E87,438RON92 gasoline (an increase of $5/barrel) , equivalent to an increase of 92% over the previous period); 2,292 USD/barrel of RON2,69 gasoline (an increase of 92,433 USD/barrel, equivalent to an increase of 95% compared to the previous period); 2,800 USD/barrel of kerosene (down 3,12 USD/barrel, equivalent to 87,903% decrease over the previous period); 1,285 USD/barrel of diesel oil (down 1,44 USD/barrel, equivalent to 89,059% decrease over the previous period); $0,126 per tonne of 0,14CST 424,785S mazut oil (down $180 per ton, equivalent to a decrease of 3,5% over the previous period).
Gasoline prices are adjusted (Photo: Moit.gov.vn).
At this operating period, the authorities made an appropriation for the BOG Fund for gasoline E5RON92 at 300 VND/liter (as in the previous period), RON95 gasoline at 300 VND/liter (as in the previous period); diesel oil at 300 VND/liter (as in the previous period); kerosene at 300 VND/liter (as in the previous period); fuel oil at 300 VND/kg (as in the previous period). Do not spend the BOG Fund for all gasoline and oil products.
