The Ministry of Finance and Trade has announced adjustments to gasoline and oil prices effective from 3:00 pm on May 8th.
According to the decision, the retail price of RON 92 gasoline was reduced by VND 380 per liter, and that of RON 95 gasoline was reduced by VND 410 per liter. After the adjustment, the maximum retail prices of RON 92 and RON 95 gasoline are VND 18,770 and VND 19,170 per liter, respectively.
Similarly, the prices of diesel oil and kerosene were reduced by VND 550 and VND 620 per liter, respectively, while the price of mazut was reduced by VND 660 per kg.
Thus, since the beginning of the year, RON 95 gasoline has been increased nine times and decreased ten times, while diesel oil has been increased eight times, decreased ten times, and remained unchanged once.
In this price 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 (May 5), the prices of RON 92 and RON 95 gasoline were reduced by VND 50-80 per liter. After the adjustment, the retail prices of RON 92 and RON 95 gasoline were VND 19,150 and VND 19,580 per liter, respectively. The price of diesel oil was reduced by VND 170 per liter to VND 17,350 per liter.
The Ever-Changing Landscape of Fuel Prices
The domestic gasoline and oil prices experienced a mixed bag of changes during the February 6 trading session. Specifically, E5RON92 gasoline increased by 51 VND per liter, while RON95-III gasoline decreased by 74 VND per liter. The prices of various types of oil also witnessed a decline, ranging from 25 VND per liter to 148 VND per kilogram when compared to the current base prices.
The Great Fuel Flip: Gasoline Discounts and Rising Oil Prices
After three consecutive hikes, fuel prices witnessed a mixed trend during the January 23rd revision. Specifically, gasoline prices saw a marginal decline, with E5RON92 recording a drop of 158 VND per liter and RON95-III falling by 78 VND per liter. Conversely, diesel prices surged, with various types of oil registering significant increases ranging from 404 VND per liter to 571 VND per kg/liter compared to the current base price.
The Rising Fuel Prices: “Gas Prices Surge Past 21,000 VND per Liter Starting 3 PM Today”
Today (January 9th), domestic gasoline prices rose by 270 to 380 VND per liter.
The Ever-Changing Landscape of Fuel Prices: A Tale of Rising and Falling Costs
Amidst global developments, domestic gasoline prices have witnessed a contrasting mix of adjustments. Specifically, E5RON92 gasoline experienced a surge of 24 VND per liter, while RON95-III gasoline witnessed a decrease of 294 VND per liter. The narrative continues with various types of oils, which saw reductions ranging from 325 VND per liter to 395 VND per liter. However, the price of 180CST 3.5S mazut oil remained unchanged compared to the previous adjustment period.
The Big Fuel Sale: Slashing Prices Across the Board
On December 26, domestic gasoline and oil prices underwent significant reductions. Specifically, E5RON92 gasoline decreased by VND 427 per liter, while RON95-III gasoline dropped by VND 457 per liter. Similarly, various types of oil witnessed decreases ranging from VND 103 per liter to VND 260 per liter. However, 180CST 3.5S madut oil experienced a slight increase of VND 67 per kilogram.
