Gasoline price decreased by more than 300 VND/liter

From 3:00 p.m. on April 25, gasoline prices were adjusted down, each liter of gasoline decreased by more than 300 VND/liter, and oil decreased by more than 700 VND/liter.

Gasoline and oil prices decreased in the operating period on April 25. Photo: VNA

Specifically, after the adjustment by the Ministry of Industry and Trade - Ministry of Finance, E5RON92 gasoline decreased by 307 VND/liter, not higher than 23,919 VND/liter; RON95-III gasoline is not higher than 24,915 VND/liter (decreased by 322 VND/liter compared to the current base price);

Diesel 0.05S is not higher than VND 20,716/liter (down VND 730/liter compared to the current base price); Kerosene is not higher than VND 20,686/liter (down VND 730/liter compared to the current base price); Mazut 180CST 3.5S is not higher than VND 17,408/kg (up VND 202/kg compared to the current base price).

According to the representative of the Ministry of Industry and Trade, the world petroleum market in this period of adjustment (from April 17, 2024 to April 24, 2024) is affected by factors such as: The risk of direct conflict between Israel and Iran has decreased, US commercial crude oil inventories have decreased, and the military conflict between Russia and Ukraine continues... The above factors have caused world petroleum prices in recent days to increase and decrease alternately depending on each commodity. The average price of finished petroleum products in the world between the price adjustment period of April 17, 2024 and the adjustment period of April 25, 2024 is: 101.172 USD/barrel of RON92 gasoline used to blend E5RON92 gasoline (down 2.608 USD/barrel, equivalent to a decrease of 2.51%); 105.582 USD/barrel of RON95 gasoline (down 2.608 USD/barrel, equivalent to a decrease of 2.41%); 100.157 USD/barrel of kerosene (down 5.108 USD/barrel, equivalent to a decrease of 4.85%); 100.892 USD/barrel of 0.05S diesel oil (down 5.088 USD/barrel, equivalent to a decrease of 4.80%); 511.045 USD/ton of 180CST 3.5S fuel oil (up 2.847 USD/ton, equivalent to an increase of 0.56%).

In this operating period, the joint ministries did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.

Source: https://baothainguyen.vn/kinh-te/202404/xang-giam-hon-300-donglit-23a20ee/