Gasoline prices up, oil down

Each liter of gasoline increases by 280-330 VND, oil products (except mazut) decrease by 140 VND depending on the type, from 3:00 p.m. today.

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

On the contrary, oil products (except fuel oil) decreased, to the threshold of 20,770-20,780 VND per liter compared to 7 days ago.

Gasoline and oil prices will change as follows:

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

Unit: VND/liter or kg, depending on 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 more expensive by 2,010 VND, and oil is about 1,410 VND compared to the beginning of the year.

Similar to previous periods, today the joint ministries continue not to deduct or spend from the Price Stabilization Fund (except for fuel oil, the deduction level is 300 VND per kg).

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

On average, over the past 7 days, the price of finished gasoline increased by 1.2%, while oil decreased by 1.3%. Of which, each barrel of RON 95 gasoline increased to 100.1 USD; diesel oil decreased to 103.7 USD. Only fuel oil changed insignificantly, 447.8 USD per ton.

Phuong Dung

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