Oil prices rise, gasoline prices fall.

Each liter of E5 RON 92 gasoline decreased by 10 dong, RON 95-III remained unchanged, while other petroleum products (excluding kerosene) increased by 260-420 dong.

According to the joint decision of the Ministry of Industry and Trade and the Ministry of Finance today, the price of RON 95-III gasoline (the most common type on the market) remains unchanged compared to 7 days ago, at 22,140 VND per liter; E5 RON 92 decreased by 10 VND, to 21,180 VND per liter.

Diesel and fuel oil prices increased by 260-420 VND, while kerosene decreased by 40 VND to 20,450 VND per liter. Thus, after last week's sharp price increase, gasoline prices remained almost unchanged in this adjustment, while oil prices fluctuated.

Today's gasoline and diesel prices after adjustment are as follows:

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Item	New price	Change
RON 95-III gasoline	22,140	0
E5 RON 92 gasoline	21,180	- 10
Diesel	19,780	+ 260
Kerosene	20,450	- 40
Fuel oil	15,680	+420

Units: VND/liter or kg, depending on the type.

Since the beginning of the year, domestic fuel prices have been adjusted 37 times, including 18 increases, 13 decreases, and 5 periods where prices remained unchanged.

Similar to a week ago, except for fuel oil which has a contribution of 300 VND per kilogram to the Fuel Price Stabilization Fund, the remaining gasoline and oil products maintain a contribution of 0 VND and have stopped using funds from this fund.

According to the Ministry of Industry and Trade and the Ministry of Finance, the global oil market has fluctuated over the past seven days, driven by forecasts of declining US crude oil reserves while inventories increase, and the resumption of shipping activity in the Red Sea.

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The average price of refined gasoline was $88.29 per barrel for RON 92 (the type used to blend E5 RON 92), down 0.11%; and $92.34 per barrel for RON 95, down 0.01%. Meanwhile, other oil products increased by 0.23-3.6% compared to seven days ago, with diesel and kerosene reaching $99.24 and $101.95 per barrel respectively.

Mr. Minh

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