Gasoline and oil prices fell



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Each liter of gasoline decreased by 130-143 VND depending on the type, petroleum products also decreased by 240-532 VND per liter, kg, since 3:00 p.m. today (September 11).

According to the Gasoline Retail Price Adjustment Announcement from the Ministry of Industry and Commerce – Finance, each liter of E5 RON 92 gasoline decreased by 143 VND, the RON 95 gasoline decreased by 130 VND. Petroleum products fell further, as kerosene decreased by VND 532 per liter; diesel decreased by 443 dong and madut was also 240 dong lower per kg compared to the operating period at the end of August.

After adjustment, for each liter of E5 92 RON gasoline the maximum is 14 266 VND, 95 RON gasoline is not more than 14 984 VND; kerosene not exceeding 9,593 VND, diesel 11,518 VND and madut 10,943 VND per kg.

People pour gas at the corner of Hai Ba Trung - Tran Cao Van (District 1, HCMC).  Photo: Quynh Tran.

People pour gas at the corner of Hai Ba Trung – Tran Cao Van (District 1, HCMC). Photo: Quynh Tran.

To offer the above discount, the operator has used the Oil Price Stabilization Fund. Consequently, stop deducting the fund with E5 RON 92 gasoline and madut oil. The tariffs for the price stabilization fund for gasoline RON 95, diesel and kerosene are VND 100, VND 400 and VND 200 per liter, respectively.

Along with that, the expense to use the oil stabilization fund with E5 RON 92 in this operating period is 1,100 VND per liter; 95 RON is 500 dong, kerosene is 350 dong. Diesl and Madut did not pay the funds.

According to the inter-ministry, the Covid-19 in the world continues to be complicated, affecting the economic recovery capacity of countries, thus affecting the demand for fuel and energy. Gasoline prices in the last 15 days have had alternating increases and decreases, the general trend is a slight decrease.

On average, during the last 15 days, each barrel of 92 RON gasoline used to prepare E5 92 RON was $ 45,963 per barrel, 3.43% less than in the previous period; 95 RON is $ 47,228 per barrel, 3.22% less; kerosene also fell 7.72% to $ 40,038 a barrel and diesel almost 5.8% to $ 45,187 …

Interministerio said that the situation of the disease in the country is gradually being controlled, but it still has a negative impact on the recovery of economic growth and the demand for fuel and energy. In recent operational periods, to support the recovery of the economy, the operator has continuously spent using the gasoline price stabilization fund at a high level, 453-1,295 VND per liter, kg, depending on the type of gasoline.

In this executive period, although oil and the world oil price decreased slightly compared to the previous period, if the price stabilization fund is not spent, according to the operator, some types of oil will increase with respect to the current price. Like gasoline, the E5RON92 increased 957 VND / liter; RON95 gasoline increased by 370 VND, fuel oil increased by 110 VND per kg.

Mr minh

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