(CPV) - The Ministry of Industry and Trade - Ministry of Finance has just adjusted the retail price of gasoline and oil in today's adjustment period (November 7). The effective time is from 3:00 p.m. on November 7, 2024. Accordingly, each liter of E5 RON 92 gasoline increased by 336 VND/liter, RON 95 gasoline increased by 351 VND/liter; oil prices increased and decreased in opposite directions.
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| Gasoline prices increase again, up to nearly 21,000 VND/liter. (Photo: AN) |
Specifically, the price of E5 RON 92 gasoline increased by 336 VND/liter, to 19,744 VND/liter; RON 95 gasoline increased by 351 VND/liter, to 20,854 VND/liter. Diesel oil price 0.05S: Increased by 769 VND/liter, to 18,917 VND/liter; Kerosene increased by 461 VND/liter, to 19,294 VND/liter; Mazut oil 180CST 3.5S decreased by 67 VND/kg, to 16,394 VND/kg.
In this management period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5 RON 92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.
According to the Ministry of Industry and Trade, the average price of finished petroleum products in the world between the price adjustment period on October 31, 2024 and the adjustment period on November 7, 2024 is: 79,970 USD/barrel of RON 92 gasoline used to blend E5 RON 92 gasoline (up 2,064 USD/barrel, equivalent to an increase of 2.65%); 85,500 USD/barrel of RON 95 gasoline (up 1,852 USD/barrel, equivalent to an increase of 2.21%); 90,910 USD/barrel of kerosene (up 2,664 USD/barrel, equivalent to an increase of 3.02%); 90,693 USD/barrel of 0.05S diesel oil (up 4,419 USD/barrel, equivalent to an increase of 5.12%); 464,355 USD/ton of 180CST 3.5S fuel oil (down 2,357 USD/ton, equivalent to a decrease of 0.51%).
On the world market, at 6:00 a.m. on November 7, WTI oil price increased by 0.08 USD/barrel, equivalent to 0.11%, to 71.77 USD/barrel. Meanwhile, Brent oil price decreased by 0.61 USD, equivalent to 0.81%, to 74.92 USD/barrel. Oil prices fluctuated due to the strengthening of the USD after the US presidential election.
The US presidential election and especially the initial vote count triggered a major sell-off that sent oil prices down more than $2 in the session as the US dollar strengthened, analysts said. A stronger US dollar means dollar-denominated commodities like oil become more expensive for holders of other currencies, putting pressure on prices.
In the most recent adjustment period (October 31), the prices of gasoline were adjusted down by the Ministry of Industry and Trade - Ministry of Finance while oil prices increased. Specifically, the price of E5 gasoline was adjusted down by 290 VND/liter, the selling price was 19,400 VND/liter. The price of RON 95 gasoline decreased by 390 VND/liter, the selling price was 20,500 VND/liter. Meanwhile, oil products all increased. The price of diesel oil increased by 90 VND, to 18,140 VND/kg, the price of kerosene increased by 260 VND/liter, the price was 18,830 VND/liter.
Source: https://dangcongsan.vn/kinh-te/gia-xang-tang-len-sat-21000-dong-lit-682596.html
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