Tomorrow (February 15), retail prices of gasoline and oil may increase by up to 600

According to forecasts, in the upcoming adjustment period - the first working day of the new year (February 15), gasoline prices will increase along with the world trend.

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 790 VND/liter for E5 RON 92 gasoline, down to 22,120 VND/liter; reduce 900 VND/liter for RON 95 gasoline, down to 23,260 VND/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 petroleum distribution system, including listing owned stores, rented stores (for 5 years or more), petroleum retail agents, petroleum retail franchisees, and petroleum general agents.

In addition, the distributor must report the trader's petroleum distribution system with information on owned stores, rented stores, stores affiliated with the petroleum retail agent, stores affiliated with the trader that has received the retail franchise for petroleum, etc.

Source: https://baoquocte.vn/ngay-mai-152-gia-ban-le-xang-dau-co-the-tang-toi-600-700-donglit-260886.html