(QNO) - Each liter of gasoline increased by 760 - 920 VND, oil products (except mazut) also increased by 10 - 180 VND depending on the type from 3:00 p.m. today, January 25.
According to the joint management of the Ministry of Industry and Trade - Ministry of Finance today, the price of RON95 gasoline (the popular type on the market) increased by 920 VND, to 23,400 VND per liter; E5RON92 increased by 760 VND, to 22,170 VND per liter.
Diesel oil price is not higher than 20,370 VND/liter (an increase of 180 VND/liter compared to the current retail price); kerosene price is not higher than 20,540 VND/liter (an increase of 10 VND/liter). Particularly, fuel oil price decreased by 10 VND/kg compared to the previous period, the new price is 15,490 VND/kg.
In this adjustment period, the regulatory agency decided to set aside the Petroleum Price Stabilization Fund (BOG) for fuel oil at VND300/kg (as in the previous period), and not set aside the BOG Fund for gasoline, diesel and kerosene. At the same time, the BOG Fund will not be used for all petroleum products.
This is the third time since the beginning of the year that domestic gasoline prices have increased.
The operator said the world oil market has increased over the past 7 days due to the impact of escalating tensions in the Middle East, and tight oil supplies in the US amid cold weather causing production disruptions, pushing up buying power in the market, increasing by 4.5 - 5%.
For example, the average price of finished petroleum products for 7 days with RON95 is 98.45 USD per barrel, up nearly 5%. Diesel is also more expensive by nearly 1%, up to 101.65 USD per barrel. Fuel oil alone decreased to 432.02 USD per ton.
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