Gasoline prices skyrocket, RON 95 exceeds 19,000 VND/liter

Under the direction of the Ministry of Industry and Trade - Ministry of Finance, from 3:00 p.m. today (April 24), petroleum businesses will simultaneously adjust retail prices of petroleum products.

In today's operating session, the prices of petroleum products were adjusted upward.

Specifically, compared to the previous week's adjustment period, the price of RON 95 gasoline (the popular type on the market) today was adjusted up by 780 VND/liter, the retail price is 19,630 VND/liter.

Similarly, the price of E5 RON 92 gasoline increased by 740 VND/liter, the retail price increased to 19,230 VND/liter.

Diesel price increased by 490 VND/liter, retail price is 17,520 VND/liter.

Like previous management periods, the Ministry of Industry and Trade - Ministry of Finance still did not use the Petroleum Price Stabilization Fund in today's management period.

Gasoline prices are rising. Photo: Nguyen Hue

In the most recent adjustment period (April 17), prices of all types of gasoline and oil (except fuel oil) were adjusted down sharply, to the lowest level in 5 years.

RON 95 gasoline price decreased by 350 VND/liter, retail price is 18,850 VND/liter. E5 RON 92 gasoline price decreased by 390 VND/liter, retail price is 18,490 VND/liter.

While diesel price decreased by 210 VND/liter, retail price returned to 17,030 VND/liter.

Recently, the Ministry of Industry and Trade issued Circular 18, amending, supplementing and abolishing a number of regulations on petroleum trading.

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.

According to Circular 18, from May 2, the mechanism for regulating gasoline prices will change.

Accordingly, there will no longer be a joint Finance - Industry and Trade group as at present. Instead, the Ministry of Industry and Trade will directly announce the base price and selling price of petroleum products, based on input data and written management opinions of the Ministry of Finance.

According to vietnamnet.vn

Source: https://baolaocai.vn/gia-xang-tang-vot-ron-95-vuot-19000-donglit-post400739.html