Gasoline prices rise sharply - Vietnam Business Magazine

DNVN - Following adjustments by the Ministry of Industry and Trade and the Ministry of Finance, from 3 PM on September 26th, the prices of all types of gasoline and diesel were simultaneously adjusted upwards, with RON 95 III gasoline reaching 20,518 VND/liter.

In the price adjustment on September 26th, the Ministry of Industry and Trade and the Ministry of Finance decided not to allocate funds or use the Fuel Price Stabilization Fund for E5 RON 92 gasoline, RON 95 gasoline, diesel fuel, kerosene, and fuel oil.

Accordingly, E5 RON 92 gasoline increased by 679 VND/liter to 19,620 VND/liter, and RON 95 III gasoline increased by 756 VND/liter to a new price of 20,518 VND/liter.

Diesel, kerosene, and fuel oil also increased simultaneously, with increases of 463 VND/liter, 322 VND/liter, and 531 VND/kg respectively, reaching new prices of 17,506 VND/liter, 17,873 VND/liter, and 15,357 VND/kg (an increase of 531 VND/kg compared to the current base price).

Since the beginning of the year, gasoline prices have increased 19 times.

According to the regulatory agency, the global oil market from September 19-25 was affected by factors such as: escalating conflict in the Middle East, China's economic stimulus measures, and the ongoing military conflict between Russia and Ukraine… These factors caused global oil prices to fluctuate, rising and falling depending on the specific product.

This is the second consecutive increase in fuel prices. Since the beginning of the year, gasoline prices have increased 19 times and decreased 19 times. Diesel prices have increased 16 times and decreased 22 times.

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Source: https://doanhnghiepvn.vn/kinh-te/gia-xang-tang-manh/20240926022243353