Based on the management of the Ministry of Industry and Trade - Ministry of Finance, businesses simultaneously adjusted gasoline prices from 3:00 p.m. today.

Compared to the previous adjustment period, in today's adjustment period, the price of E5 gasoline was adjusted down by 290 VND/liter, selling price is 19,400 VND/liter. Meanwhile, the price of RON 95 gasoline decreased by 390 VND/liter, selling price is 20,500 VND/liter.

Meanwhile, diesel price was adjusted up by 90 VND/liter, selling price is 18,140 VND/liter.

In today's operating session, the joint Ministry of Industry and Trade - Ministry of Finance continued to neither allocate nor spend from the Price Stabilization Fund for fuel products.

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Gasoline prices have been adjusted down. Photo: Tuan Anh

In the latest draft decree on petroleum business, the Ministry of Industry and Trade decided not to abolish the Petroleum Price Stabilization Fund.

Recently, in a report on the commercial activities in September and the first 9 months of 2024, the Ministry of Industry and Trade said that since implementing the 7-day reduction in gasoline prices according to Decree No. 80/2023/ND-CP, domestic gasoline prices have been consistent with world gasoline prices.

Along with that, the types of petroleum business costs are updated promptly, creating motivation for businesses to create petroleum sources to fully supply the needs of the domestic market.

According to the Ministry of Industry and Trade, because the impact of adjusting gasoline prices on the economy and society is not large, in the first 9 months of the year, the Petroleum Price Stabilization Fund was almost not used to stabilize the price of this item.