In the face of recent developments in world petroleum product prices and the implementation of petroleum price management according to the market mechanism under State management, the Ministry of Industry and Trade - Ministry of Finance does not set aside and does not spend the Petroleum Price Stabilization Fund for all products.
Accordingly, from 3:00 p.m. on July 24, the maximum retail price for petroleum products will be applied as follows: E5RON92 gasoline will not be higher than VND 19,279/liter (down VND 202/liter compared to the current base price), VND 430/liter lower than RON95-III gasoline; RON95-III gasoline will not be higher than VND 19,709/liter (down VND 216/liter compared to the current base price); 180CST 3.5S diesel oil will not be higher than VND 15,379/kg (down VND 99/kg compared to the current base price).
In the opposite direction, diesel 0.05S is not higher than 19,129 VND/liter (an increase of 330 VND/liter compared to the current base price); kerosene is not higher than 18,628 VND/liter (an increase of 199 VND/liter compared to the current base price).
Thus, since the beginning of the year, domestic gasoline prices have undergone 31 adjustments, of which RON 95 gasoline has increased 16 times and decreased 15 times; diesel has increased 16 times, decreased 14 times and remained unchanged once.
The adjustment of retail gasoline prices is decided by the main traders and distributors, but cannot be made earlier than 3:00 p.m. on July 24, 2025. The time to apply the new base price will last until the next announcement period of the Ministry of Industry and Trade. Enterprises shall adjust prices in accordance with the provisions of the current Decrees and Circulars on the management of gasoline trading and the use of the Price Stabilization Fund.
The Ministry of Industry and Trade will continue to coordinate with relevant agencies to inspect and monitor the implementation of regulations on ensuring petroleum supply, and strictly handle violations if detected.
According to the Ministry of Industry and Trade, the world oil market in this management period (from July 17, 2025 to July 23, 2025) is affected by main factors such as: updated information on the US's new import tax policy on goods of trading partners; the EU announced a new package of sanctions on Russian oil; the military conflict between Russia and Ukraine continues... The above factors have caused world oil prices to fluctuate up and down depending on each item in recent days.
The average price of finished petroleum products in the world between the price adjustment period on July 17, 2025 and the adjustment period on July 24, 2025 is: 76.816 USD/barrel of RON92 gasoline used to blend E5RON92 gasoline (down 1.194 USD/barrel, equivalent to a decrease of 1.53%); 78.506 USD/barrel of RON95 gasoline (down 1.194 USD/barrel, equivalent to a decrease of 1.50%); 87.656 USD/barrel of kerosene (up 1.036 USD/barrel, equivalent to an increase of 1.20%); 90.952 USD/barrel of 0.05S diesel oil (up 1.772 USD/barrel, equivalent to an increase of 1.99%); 412,466 USD/ton of 180CST 3.5S fuel oil (down 3,924 USD/ton, equivalent to a decrease of 0.94%).
NBO
Source: https://baoninhbinh.org.vn/gia-xang-tiep-tuc-giam-nhe-gia-dau-quay-dau-tang-tu-chieu-247-250724150322200.html
Comment (0)