Gasoline price drops, RON 95 gasoline is now 23,599 VND/liter

On the afternoon of February 22, the Ministry of Industry and Trade and the Ministry of Finance announced information on gasoline price management, effective from 3 p.m. the same day. Accordingly, gasoline prices decreased by 320 - 356 VND/liter.

Gasoline prices slightly decreased in the operating period on February 22

During this operating period, the Ministry of Industry and Trade - Ministry of Finance will set aside the Petroleum Price Stabilization Fund for fuel oil at 300 VND/kg; will not set aside the fund for E5RON 92 gasoline, RON 95 gasoline, diesel oil and kerosene; and will not use the fund for all petroleum products.

Accordingly, the price of gasoline starting from 3 p.m. for E5RON 92 gasoline will not be higher than VND22,475/liter, a decrease of VND356/liter compared to the current price. The price of RON 95 gasoline will not be higher than VND23,599/liter, a decrease of VND320/liter.

Diesel price is not higher than 20,910 VND/liter, down 451 VND/liter. Kerosene price is not higher than 20,921 VND/liter, down 300 VND/liter. Fuel oil price is not higher than 15,929 VND/kg, up 23 VND/kg.

Gasoline prices slightly decreased

The Ministry of Industry and Trade and the Ministry of Finance said that the world oil market this operating period (February 15 - February 21) is affected by factors such as: The International Energy Agency (IEA) forecasts that oil demand this year will decrease compared to the forecast, and the US Federal Reserve (Fed) is slow to cut interest rates, affecting the outlook for oil demand.

In addition, the US raising the value of the USD has negatively impacted world oil prices, tensions in the Middle East have shown no signs of cooling down, conflicts in the Red Sea region continue to affect transportation activities... The above factors have caused world oil prices to fluctuate between increases and decreases in recent days, but the general trend is downward.

The plan to manage gasoline prices continues to maintain the price difference between E5RON 92 biofuel and RON 95 mineral gasoline at a reasonable level to encourage the use of biofuels according to the Government 's policy; ensure harmony of interests among market participants, support gasoline businesses to maintain and supply the domestic market.

Source link: https://thanhnien.vn/gia-xang-giam-xang-ron-95-con-23599-dong-lit-185240222153340648.htm