After the adjustment by the Ministry of Industry and Trade - Ministry of Finance, E5RON92 gasoline decreased by 201 VND/liter compared to the current base price, the selling price is not higher than 20,391 VND/liter; RON95-III gasoline is not higher than 21,002 VND/liter (decreased by 140 VND/liter compared to the current base price).
Oil prices are also adjusted downwards, diesel 0.05S is not higher than 19,246 VND/liter (down 948 VND/liter compared to the current base price); kerosene is not higher than 19,439 VND/liter (down 671 VND/liter compared to the current base price); fuel oil 180CST 3.5S is not higher than 17,502 VND/kg (down 250 VND/kg compared to the current base price).
In this management period, the Ministry of Industry and Trade - Ministry of Finance decided not to set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.
This is the first price reduction after three consecutive increases in gasoline and oil prices since the beginning of 2025.
The world oil market in this operating period (from January 23, 2025 to January 31, 2025) is affected by factors such as: increased US crude oil reserves, US tax policies issued by the US President for some countries, the upcoming OPEC+ meeting on the plan to increase supply, the ongoing military conflict between Russia and Ukraine... The above factors have caused world oil prices in recent days to increase and decrease depending on each product, but the general trend is downward.
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%).
Source: https://baohaiduong.vn/xang-dau-giam-gia-trong-ky-dieu-hanh-dau-tien-sau-tet-nguyen-dan-at-ty-404278.html
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