Gasoline prices increase, some types increase by more than 400 VND/liter

On the afternoon of March 27, the Ministry of Finance and the Ministry of Industry and Trade announced changes in retail gasoline prices. The effective time is from 3:00 p.m. the same day.

The regulatory agency decided to increase the price of E5 RON 92 and RON 95 gasoline by VND340 per liter. After adjustment, the maximum retail price of E5 RON 92 gasoline is VND20,030 per liter and RON 95 gasoline is VND20,420 per liter.

Similarly, oil prices were also adjusted upward during this period. Specifically, diesel increased by VND320/liter to VND18,210/liter, kerosene increased by VND410/liter to VND18,520/liter; meanwhile, fuel oil decreased by VND50/kg to VND16,900/kg. The Joint Ministry still maintained not to draw from or spend from the price stabilization fund.

Thus, the domestic price of RON 95 gasoline has increased for two consecutive sessions. Currently, the price of this fuel is still at its lowest level in nearly 4 years, equivalent to July 2021. Since the beginning of the year, RON 95 gasoline has increased 7 times, decreased 6 times. Diesel has increased 6 times, decreased 6 times and remained unchanged once.

The room for the petroleum price stabilization fund of some key enterprises still recorded a large positive level because this fund has not been used in many recent management periods. The fund balance as of the end of the third quarter of 2024 was VND 6,064 billion. Compared to the end of 2023, this fund balance decreased by nearly VND 600 billion.

Recently, the Ministry of Industry and Trade has issued a circular amending, supplementing and abolishing a number of regulations in the circulars regulating petroleum trading. This is to conform to the management practices and petroleum trading activities in Vietnam.

Notably, this circular abolishes regulations on interdisciplinary teams to manage gasoline prices, regulations on methods for calculating base prices, mechanisms for forming, managing, and using the Price Stabilization Fund and managing gasoline prices.

At the same time, the management agency added regulations on the mechanism for managing gasoline prices. Specifically, based on data on the elements constituting the base price of gasoline according to regulations and written opinions on gasoline price management from the Ministry of Finance, the Ministry of Industry and Trade announced the base price and selling price of gasoline.

Source: https://baohatinh.vn/gia-xang-tang-co-loai-tang-hon-400-donglit-post284957.html