Gasoline prices rise, diesel prices fall.

Each liter of gasoline will increase by 280-330 VND, while other petroleum products (excluding mazut) will decrease by 140 VND depending on the type, effective from 3 PM today.

According to the joint decision of the Ministry of Industry and Trade and the Ministry of Finance today, the price of RON 95-III gasoline (the most common type on the market) increased by 330 VND, to 23,920 VND per liter; E5 RON 92 increased by 280 VND, with the new price being 22,750 VND per liter.

Conversely, the prices of petroleum products (excluding fuel oil) decreased, falling to 20,770-20,780 VND per liter compared to 7 days ago.

Gasoline and diesel prices have changed as follows:

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Following the trend from the US, prices recover; domestic gasoline prices exceed 22,000 VND/liter.

Oil prices exceed 23,000 VND per liter.

From this afternoon (July 2nd), gasoline and diesel prices will decrease.From 3 PM this afternoon (July 2nd), gasoline and diesel prices will decrease across the board, with E5RON92 gasoline decreasing by 1,055 VND/liter and diesel decreasing by 690 VND/liter.

Item	New price	Change
RON 95-III gasoline	23,920	+ 330
E5 RON 92 gasoline	22,750	+ 280
Diesel	20,770	- 140
Kerosene	20,780	- 140
Fuel oil	15,950	+ 30

Units: VND/liter or kg, depending on the type.

Thus, since the beginning of the year, gasoline prices have increased 6 times and decreased 3 times. After today's adjustment, each liter of gasoline is 2,010 VND more expensive, and diesel is about 1,410 VND more expensive compared to the beginning of the year.

Similar to previous periods, today the inter-ministerial committee continued not to allocate or disburse funds from the Price Stabilization Fund (except for fuel oil, where the allocation is 300 VND per kilogram).

The operator stated that refined fuel prices have fluctuated over the past seven days due to concerns about continued increases in US oil inventories, the Federal Reserve's stance on lowering interest rates, and fears of tensions in the Middle East and the Red Sea.

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Ambassador Nguyen Quoc Dung visits and works in Minnesota, USA.From June 28-30, the Vietnamese Ambassador to the United States, Nguyen Quoc Dung, paid a visit and worked in Minnesota.

Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries.

Over the past 7 days, the average price of refined gasoline increased by 1.2%, while diesel decreased by 1.3%. Specifically, each barrel of RON 95 gasoline increased to $100.1; diesel decreased to $103.7. Mazut oil remained relatively unchanged at $447.8 per ton.

Phuong Dung

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