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Gasoline prices rise, diesel prices fall.

VnExpressVnExpress29/02/2024


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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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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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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