RON92 and RON 95 gasoline may decrease by over 600 VND/liter

Gasoline and oil prices are forecast to continue to decrease in tomorrow's price adjustment session (May 8). Illustrative photo

According to VPI data analysts, the retail price of E5 RON 92 gasoline is forecast to decrease by VND613 (3.2%) to VND18,537/liter, while RON 95-III gasoline may decrease by VND636 (3.2%) to VND18,944/liter.

Retail oil prices this period also tend to decrease by over 4%. Specifically, diesel oil may decrease by 4.1% to 16,647 VND/liter; kerosene may decrease by 4.6% to 16,752 VND/liter and fuel oil may decrease by 4.1% to 15,526 VND/kg.

In addition, the Ministry of Finance and the Ministry of Industry and Trade will continue not to set aside or use the Gasoline and Oil Price Stabilization Fund.

In the previous operating period (from April 24 to May 5), the world's gasoline and oil market was affected by key factors such as OPEC+ increasing oil production in June; US tax policy on goods of trading partners leading to concerns about economic recession; ongoing military conflicts in the world...

Prices of five popular gasoline and oil products on the market all decreased slightly. Of which, gasoline prices decreased by 52-84 VND/liter, while oil prices decreased more sharply, 151 VND/liter - 326 VND/kg.

Source: https://hanoimoi.vn/xang-ron92-va-ron-95-co-the-giam-tren-600-dong-lit-701468.html