RON95-III gasoline slightly decreased, selling price under 20,000 VND/liter

At the gasoline and oil price adjustment session this afternoon (July 17), the prices of two gasoline products E5RON92 and RON95-III were both slightly adjusted down by 165-178 VND/liter.

Prices for four types of gasoline and diesel were adjusted downwards from the afternoon of July 17th. (Illustrative image)

According to the Ministry of Industry and Trade and the Ministry of Finance, the global gasoline and oil market during the price adjustment period from July 10 to 16 was influenced by several key factors: a decrease in US crude oil inventories while distillate product inventories increased; OPEC+ forecasts continued oil demand growth in the third quarter; and information regarding new US import tax policies. These factors caused global gasoline and oil prices to fluctuate up and down in recent days, depending on the specific product.

In this price adjustment period, given the aforementioned developments in world gasoline and oil prices, fluctuations in the VND/USD exchange rate, and current regulations, the Ministry of Industry and Trade and the Ministry of Finance have decided not to allocate funds or use the Gasoline and Oil Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel fuel, kerosene, and fuel oil.

The selling prices of commonly consumed gasoline and diesel products on the market are as follows: E5RON92 gasoline will not exceed 19,481 VND/liter (a decrease of 178 VND/liter), which is 444 VND/liter lower than RON95-III gasoline; RON95-III gasoline will not exceed 19,925 VND/liter (a decrease of 165 VND/liter).

Diesel fuel 0.05S shall not exceed 18,799 VND/liter (a decrease of 38 VND/liter); kerosene shall not exceed 18,429 VND/liter (an increase of 58 VND/liter); and mazut 180CST 3.5S shall not exceed 15,478 VND/kg (a decrease of 85 VND/kg).

Source: https://hanoimoi.vn/xang-ron95-iii-giam-nhe-gia-ban-duoi-20-000-dong-lit-709359.html