The average price of finished petroleum products in the world between the price management period on January 23, 2025 and the management period on February 1, 2025 is: 84.534 USD/barrel of RON92 gasoline used to blend E5RON92 gasoline (down 0.184 USD/barrel, equivalent to a decrease of 0.22%); 86.838 USD/barrel of RON95 gasoline (down 0.190 USD/barrel, equivalent to a decrease of 0.22%); 93.208 USD/barrel of kerosene (down 3.268 USD/barrel, equivalent to a decrease of 3.39%); 93.290 USD/barrel of 0.05S diesel oil (down 4.836 USD/barrel, equivalent to a decrease of 4.93%); 489,698 USD/ton of 180CST 3.5S fuel oil (down 5,800 USD/ton, equivalent to a decrease of 1.17%).
In this management period, in light of the above-mentioned developments in world oil prices, fluctuations in the VND/USD exchange rate and current regulations, the Ministry of Industry and Trade - Ministry of Finance jointly decided on a plan to manage oil prices to ensure that domestic oil price fluctuations are consistent with world oil price fluctuations; continue to maintain the price difference between E5RON92 biofuel and RON95 mineral gasoline at a reasonable level to encourage the use of biofuels according to the Government's policy; ensure the harmony of interests among market participants.
1. Petroleum Price Stabilization Fund
Do not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.
2. Gasoline price
After making provisions and spending the Petroleum Price Stabilization Fund for petroleum products as stated in Section 1 above, the selling prices of popular petroleum products on the market are as follows:
- E5RON92 gasoline: no higher than VND 20,391/liter (down VND 201/liter compared to current base price), VND 611/liter lower than RON95-III gasoline;
- RON95-III gasoline: no higher than VND 21,002/liter (down VND 140/liter compared to current base price);
- Diesel oil 0.05S: not higher than 19,246 VND/liter (down 948 VND/liter compared to current base price);
- Kerosene: not higher than VND 19,439/liter (down VND 671/liter compared to current base price);
- 180CST 3.5S fuel oil: no higher than VND 17,502/kg (VND 250/kg lower than current base price).
Fluctuations in domestic gasoline prices in 2025 (December 26, 2024 to February 1, 2025)
- Provision and use of the Petroleum Price Stabilization Fund for petroleum products in Section 1 above: Applicable from 15:00 on February 1, 2025.
- Adjusting the selling price of petroleum products: To be determined by the petroleum wholesaler and petroleum distributor, but no later than 3:00 p.m. on February 1, 2025.
- From 15:00 on February 1, 2025, the time when the Ministry of Industry and Trade announces the base price of the period announced in this Official Dispatch until before the date the Ministry of Industry and Trade announces the base price of the next period, the adjustment of selling prices of petroleum products shall be decided by the main petroleum traders and petroleum distributors in accordance with the provisions of Decree No. 80/2023/ND-CP dated November 17, 2023, Decree No. 95/2021/ND-CP dated November 1, 2021, Decree No. 83/2014/ND-CP dated September 3, 2014, Circular No. 17/2021/TT-BCT dated November 15, 2021, Circular No. 104/2021/TT-BTC dated November 18, 2021. 2021 of the Ministry of Finance guiding the method of determining the constituent elements in the basic price formula of gasoline and oil, Circular No. 103/2021/TT-BTC dated November 18, 2021 of the Ministry of Finance guiding the method of setting up, spending, using and managing the Petroleum Price Stabilization Fund.
The Ministry of Industry and Trade will coordinate with relevant agencies to inspect and supervise the implementation of the responsibility of ensuring the supply of gasoline to the market by gasoline traders and will strictly handle violations (if any).
Source: https://moit.gov.vn/tin-tuc/thong-bao/mot-so-thong-tin-ve-viec-dieu-hanh-gia-xang-dau-ngay-1-2-2025.html
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