Specifically, the price of E5 RON92 gasoline decreased by 523 VND/liter, not exceeding 18,716 VND/liter. RON95 gasoline dropped by 614 VND/liter, capping at 19,006 VND/liter.
Diesel prices fell by 219 VND/liter, staying below 17,257 VND/liter. Kerosene saw a reduction of 228 VND/liter, not surpassing 17,709 VND/liter. In contrast, mazut oil increased by 222 VND/kg, reaching a maximum of 13,382 VND/kg.
This marks the third consecutive decline in gasoline prices, aligning with earlier forecasts.
Gasoline prices today have universally decreased. (Illustrative image)
During this period, regulatory authorities continued to neither allocate nor utilize the price stabilization fund for petroleum products.
According to the Ministry of Industry and Trade, the global petroleum market during this adjustment period (December 18–24) was influenced by key factors such as: the prospective peace agreement between Russia and Ukraine; heightened tensions between the U.S. and Venezuela, with the U.S. blocking Venezuelan oil tankers; and the ongoing military conflict between Russia and Ukraine, where both sides persist in targeting each other’s energy infrastructure.
These factors have led to fluctuating global petroleum prices, varying across different products.
The average global prices of petroleum products between the December 18 and December 25 adjustments were: $73.424/barrel for RON92 gasoline (used to blend E5 RON92, down $2.888/barrel); $74.370/barrel for RON95 gasoline (down $3.160/barrel); $81.908/barrel for kerosene (down $1.288/barrel); $79.794/barrel for diesel (down $1.234/barrel); and $342.774/ton for mazut oil (up $7.790/ton).
Since the beginning of the year, domestic gasoline prices have undergone 49 adjustments: 23 decreases, 20 increases, and 6 mixed adjustments.
Most recently, on December 18, E5 RON92 gasoline decreased by 376 VND/liter, capping at 19,239 VND/liter. RON95 gasoline dropped by 462 VND/liter, reaching a maximum of 19,620 VND/liter.
Diesel prices fell by 678 VND/liter, staying below 17,476 VND/liter. Kerosene decreased by 704 VND/liter, not exceeding 17,937 VND/liter. Mazut oil dropped by 233 VND/kg, capping at 13,160 VND/kg.
PVOIL Establishes Aviation Fuel Trading Company
Vietnam Oil and Gas Group (PVOIL, UPCoM: OIL) has approved a new business establishment plan to enter the aviation fuel market.
Fuel Prices Surge Starting 3 PM Today
As of 3 PM today (November 13th), gasoline prices have risen by approximately 160 VND per liter, pushing the price of RON 95 gasoline to 20,576 VND per liter.
BRICS Refineries’ Profits Surge Fivefold Despite Reduced Russian Oil Imports: Unveiling the Surprising Reason Behind the Boom
This once-loyal nation is gradually distancing itself from Russian oil amid increasingly stringent sanctions.
Fuel Prices Dip Slightly Following Sharp Surge
At 3:00 PM on October 6th, the Ministries of Industry and Trade, and Finance jointly announced adjustments to fuel prices, with increases and decreases varying by product type.
E5 RON92 Gasoline Price Rises by 6 Dong per Liter
At 3:00 PM on October 2nd, the Ministries of Industry and Trade and Finance jointly announced an increase in fuel prices, ranging from 6 to 380 VND per liter or kilogram, depending on the specific fuel type.
