Gasoline price reduced by more than 1,400 VND/liter

DNVN - From 3 PM on May 9th, fuel prices were significantly reduced compared to current retail prices. Specifically, gasoline prices decreased by over 1,400 VND/liter, and diesel prices decreased by a maximum of 840 VND/liter.

In the price adjustment on May 9th, the Ministry of Industry and Trade and the Ministry of Finance decided not to allocate funds or use the Fuel Price Stabilization Fund for all petroleum products.

Accordingly, E5 RON 92 gasoline decreased by 1,290 VND/liter to 22,620 VND/liter, and RON 95 III gasoline decreased by 1,410 VND/liter to a new price of 23,540 VND/liter.

Gasoline and diesel prices will be reduced across the board starting at 3 PM on May 9th.

Diesel, kerosene, and fuel oil also saw simultaneous price reductions of 760 VND, 840 VND, and 160 VND respectively, bringing their prices to 19,850 VND/liter, 19,700 VND/liter, and 17,500 VND/kg.

The decision to reduce gasoline and diesel prices was made in the context of the global oil market from May 2-8 being affected by factors such as: increased US commercial crude oil inventories, a stronger US dollar putting pressure on global oil demand, the ongoing military conflict between Russia and Ukraine, and hopes for a ceasefire in the Gaza Strip between Israel and Hamas… These factors caused global oil prices to fluctuate in recent days, with the trend being predominantly downward.

Thu An

Source: https://doanhnghiepvn.vn/kinh-te/xang-giam-gia-toi-hon-1400-dong-lit/20240509032351591