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The Ministry of Finance and Trade has just announced adjustments to gasoline and oil prices starting at 3:00 pm on October 31.
Accordingly, the inter-ministerial decision reduced E5 RON 92 gasoline by VND 290 per liter to VND 19,400 per liter; RON 95 gasoline decreased by VND 390 per liter, the new price is VND 20,500 per liter. Thus, since the beginning of the year, gasoline prices have increased 20 times and decreased 23 times.
On the opposite direction, diesel oil price was adjusted up by VND 90 per liter to VND 18,140 per liter; kerosene increased by VND 260 per liter to VND 18,830 per liter. Mazut oil increased by VND 240 per kg to VND 16,460 per kg.
In this adjustment, the Ministries of Industry and Trade and Finance did not use the Price Stabilization Fund for gasoline and oil products.
In the latest adjustment period (October 24), E5 RON 92 gasoline decreased by VND 40 per liter to VND 19,690 per liter; RON 95 gasoline decreased by VND 70 per liter, the new price is VND 20,890 per liter. Diesel oil price decreased by VND 270 per liter to VND 18,050 per liter.
The Great Fuel Flip: Gasoline Discounts and Rising Oil Prices
On October 31, the fuel prices witnessed a mixed bag of trends. While gasoline prices for E5RON92 and RON95-III decreased by VND 284 and VND 391 per liter, respectively, oil prices saw an increase ranging from VND 91 to VND 263 per liter, compared to the current base price.
The Great Gas Price Plunge: What Happened Over the Last 3 Years?
As of 3 pm on September 12th, the joint decision by the Ministry of Industry and Trade and the Ministry of Finance to adjust retail fuel prices came into effect. Domestic fuel prices have seen a reduction of VND 688-1,192 per liter across the board.
The Commodities Rundown: Oil, Copper, Aluminum, Steel, and Rubber Rally, While Gold Holds Steady
As of the market close on September 9th, commodities were mostly on the rise, with oil, copper, aluminum, steel, rubber, and coffee futures all posting gains. Gold prices held steady, while natural gas in the US fell.
Fuel Prices Drop Below 21,000 VND per Liter – The Lowest Since the Start of the Year
Today’s price adjustment (September 5th) sees domestic gasoline prices drop by 280 to 360 VND per liter.
