Gasoline prices rise again after two consecutive declines

The regulatory agency decided to increase the price of E5 RON 92 gasoline by 740 VND/liter and RON 95 gasoline by 780 VND/liter. After adjustment, the maximum retail price of E5 RON 92 gasoline is 19,230 VND/liter and RON 95 gasoline is 19,630 VND/liter.

Similarly, oil prices were also adjusted upward during this period. Specifically, diesel increased by VND490/liter to VND17,520/liter, kerosene increased by VND530/liter to VND17,710/liter; fuel oil increased by VND560/kg to VND16,520/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 again after 2 consecutive decreases. Currently, the price of this fuel is still at the lowest level in the past 4 years, equivalent to May 2021. Since the beginning of the year, RON 95 gasoline has increased 9 times, decreased 8 times. Diesel has increased 8 times, decreased 8 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 2024 is more than 6,072 billion VND. Compared to the end of 2023, this fund balance decreased by nearly 600 billion VND.

Source: https://baoquangtri.vn/gia-xang-tang-tro-lai-sau-hai-phien-giam-lien-tiep-193190.htm