Oil price exceeds 23,000 VND per liter

The price of each liter of gasoline remains the same, while diesel and kerosene (except mazut) increase by 370-410 VND, from 3:00 p.m. this afternoon (September 11).

According to the adjustment by the Ministry of Industry and Trade - Ministry of Finance, the price of RON 95-III gasoline (the popular type on the market) and E5 RON 92 remain the same as in early September. Similarly, kerosene and fuel oil prices also remain stable. Diesel oil alone increased to VND23,050 per liter. Thus, the domestic retail gasoline price has broken the 7th consecutive increase in two months.

Prices of gasoline and oil products change as follows:

Item	New price	Change
Gasoline RON 95-III	24,870	0
E5 RON 92 gasoline	23,470	0
Diesel	23,050	+ 410
Kerosene	23,180	+ 370
Fuel oil	17,700	0

Unit: VND/liter or kg, depending on type

In today's management period, the Ministry of Industry and Trade - Ministry of Finance continued not to allocate and spend from the Petroleum Price Stabilization Fund. According to the Ministry of Finance, as of July, this fund had a surplus of VND 7,438 billion. Therefore, the management agency has stopped allocating to this fund since the management period in early July until now.

World prices have increased sharply in the past half month due to concerns about tighter supplies as Russia intends to extend cuts in oil export production.

Oil price exceeds 23,000 VND per liter