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Gasoline prices will increase sharply tomorrow (February 15). (Source: Vietnamnet) |
In the world market, oil prices have increased by more than 6% in recent days, recording the strongest weekly increase since the beginning of the year. The reason is that the escalating conflict in the Middle East has raised concerns about future supply.
On the morning of February 14 (Vietnam time), Brent oil price continued to increase slightly, trading at 82.7 USD/barrel, while WTI oil price was at 77.7 USD/barrel.
Based on world price developments, petroleum wholesalers forecast that in the operating period tomorrow (February 15), the 6th day of Tet, retail gasoline and oil prices may increase by 600 - 700 VND/liter. If the Ministry of Industry and Trade and the Ministry of Finance spend the stabilization fund, gasoline prices may increase less.
In the most recent adjustment period on February 8, the management agency decided to reduce the price of E5 RON 92 gasoline by VND790/liter to VND22,120/liter; and reduce the price of RON 95 gasoline by VND900/liter to VND23,260/liter.
Recently, the Ministry of Industry and Trade issued a document requesting key traders and petroleum distributors to inspect and review the current status and conditions for granting business licenses for petroleum export and import, and certificates of eligibility to act as key traders and petroleum distributors.
The Ministry informed that, in order to implement the conclusion of the Government Inspectorate, key traders will have to report in detail on the conditions for having specialized wharves (ownership, lease, ability to receive oil tankers); oil receiving warehouses (quantity, ownership, lease from which enterprise, where, lease period); means of transporting oil (quantity, ownership, lease, type of vehicle, lease period).
Key traders must also report specifically on the gasoline distribution system, including listing owned stores, rented stores (for 5 years or more), gasoline retail agents, gasoline retail franchisees, and gasoline general agents.
In addition, distributors must report their petroleum distribution system with information on owned stores, rented stores, stores affiliated with petroleum retail agents, stores affiliated with traders that have received the right to retail petroleum, etc.
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