Gasoline prices slightly increase, oil prices increase sharply

Prices of two types of gasoline E5RON 92 and Ron95-III increased slightly from this afternoon. Illustrative photo.

The world's gasoline and oil market is affected by factors such as a sharp decrease in US fuel reserves, OPEC's optimism about oil demand prospects, concerns about supply due to the impact of conflicts in the world, etc. Gasoline and oil prices from August 1 to 10 fluctuated up and down, but generally increased.

In response to the developments in world gasoline and oil prices, the Ministry of Industry and Trade and the Ministry of Finance jointly decided not to set up the Price Stabilization Fund for all gasoline and oil products; not to spend the Fund on gasoline products, stop spending the Fund on kerosene and diesel products, and only spend the Fund on oil products at the rate of 150 VND/kg.

According to the decision, the selling prices of popular gasoline and oil products on the market are as follows:

E5RON92 gasoline is not higher than VND22,822/liter (up VND31/liter), lower than RON95-III gasoline by VND1,171/liter.

RON95-III gasoline is not higher than VND23,993/liter (up VND30/liter).

Diesel 0.05S is not higher than VND 22,425/liter (increase of VND 1,813/liter).

Kerosene is not higher than VND 21,889/liter (up VND 1,619/liter).

Mazut oil 180CST 3.5S is not higher than 17,668 VND/kg (increase 1,137 VND/kg).

Source: https://baodienbienphu.com.vn/tin-tuc/kinh-te/208148/gia-xang-%E2%80%9Cnhich%E2%80%9D-nhe-dau-tang-manh