Gasoline prices today: From 3:00 p.m. on December 5, each liter of E5 RON 92 gasoline increased by 24 VND/liter, however, RON 95 gasoline decreased by 294 VND/liter; oil prices were also adjusted down.
The Ministry of Industry and Trade - Ministry of Finance has just adjusted the retail price of gasoline and oil in the adjustment period today (December 5). The application time is from 3:00 p.m. on December 5, 2024.
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| Gasoline prices today: From 3:00 p.m. on December 5, each liter of E5 RON 92 gasoline increased by 24 VND/liter, however, RON 95 gasoline decreased by 294 VND/liter; oil prices were also adjusted down. |
Specifically, the price of E5 RON 92 gasoline increased by VND24/liter, to VND19,864/liter; RON 95 gasoline decreased by VND294/liter, to VND20,563/liter.
The price of 0.05S diesel oil decreased by 395 VND/liter, down to 18,382 VND/liter. Kerosene oil decreased by 325 VND/liter, down to 18,817 VND/liter. The price of 180CST 3.5S fuel oil remained unchanged at 16,125 VND/kg.
In this management period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.
According to the Ministry of Industry and Trade, the average price of finished petroleum products in the world between the price adjustment period on November 28, 2024 and the adjustment period on December 5, 2024 is: 80,760 USD/barrel of RON92 gasoline used to blend E5RON92 gasoline (up 0.400 USD/barrel, equivalent to an increase of 0.50%); 83,936 USD/barrel of RON95 gasoline (down 1.426 USD/barrel, equivalent to a decrease of 1.67%); 88,140 USD/barrel of kerosene (down 1.738 USD/barrel, equivalent to a decrease of 1.93%); 87,600 USD/barrel of 0.05S diesel oil (down 2.132 USD/barrel, equivalent to a decrease of 2.38%); 454.632 USD/ton of 180CST 3.5S fuel oil (up 0.688 USD/ton, equivalent to an increase of 0.15%).
On the world market, at 6:00 a.m. this morning, December 5, Brent oil price decreased by 1.31 USD, equivalent to 1.78%, to 72.31 USD/barrel. WTI oil price decreased by 1.4 USD, equivalent to 2%, to 68.54 USD/barrel.
Analysts said the market was in a wait-and-see mode as investors focused on the OPEC+ meeting today. Industry sources said OPEC+ is likely to extend the production cuts until the end of the first quarter of 2025.
While there is expected to be a delay in unwinding the production cuts, the comments at the OPEC+ meeting will have the biggest impact, according to Matt Smith, Kpler's top oil analyst for the Americas.
OPEC+ maintained its supply cuts throughout the year, citing weak demand from China. The group had planned to gradually increase production in the final months of the year, but weak demand amid rising supply from non-OPEC+ sources forced the plan to be postponed.
In the most recent adjustment period on November 28, the prices of all types of gasoline and oil were adjusted up by the Ministry of Industry and Trade - Ministry of Finance.
Specifically, the price of E5 RON 92 gasoline decreased by VND109/liter, down to VND19,343/liter; RON 95 gasoline decreased by VND79/liter, down to VND20,528/liter.
Diesel 0.05S price: Decreased by 64 VND/liter, down to 18,509 VND/liter; Kerosene decreased by 67 VND/liter, down to 18,921 VND/liter. Particularly, fuel oil 180CST 3.5S price increased by 5 VND/kg, at 16,014 VND/kg.
In this management period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-ngay-5122024-xang-dau-tang-giam-trai-chieu-xang-ron-95-giam-gan-300-donglit-362659.html
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