| Gasoline price today April 4, 2024: E5 RON 92 gasoline increased; RON 95 gasoline decreased slightly. Gasoline price today April 11, 2024: World oil price increased again, how will domestic price be adjusted this afternoon? |
The Ministry of Finance and the Ministry of Industry and Trade have just adjusted the retail price of gasoline and oil in the adjustment period today (April 11). The application time is from 3:00 p.m. on April 11, 2024.
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| Today's gasoline prices, from 3:00 p.m. on April 11, each liter of E5 RON 92 gasoline decreased by 68 VND, RON 95 gasoline increased by 20 VND; diesel and kerosene prices increased. |
Specifically, the price of E5 RON 92 gasoline decreased by 68 VND/liter, down to 23,848 VND/liter; RON 95 gasoline increased by 20 VND/liter to 24,821 VND/liter.
Diesel 0.05S: Increased by 622 VND/liter, to 21,610 VND/liter; Kerosene increased by 579 VND/liter, to 21,594 VND/liter; Madut 180CST 3.5S decreased by 288 VND/kg to 17,008 VND/kg.
In this management period, the Ministry of Industry and Trade - Ministry of Finance did not set aside the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and mazut oil.
At the same time, the Petroleum Price Stabilization Fund will not be used for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and mazut 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 April 4, 2024 and the adjustment period on April 11, 2024 is: 102.143 USD/barrel of RON92 gasoline used to blend E5RON92 gasoline (up 0.013 USD/barrel, equivalent to an increase of 0.01%); 106.520 USD/barrel of RON95 gasoline (up 0.230 USD/barrel, equivalent to an increase of 0.22%); 106.833 USD/barrel of kerosene (up 4.068 USD/barrel, equivalent to an increase of 3.96%); 107.468 USD/barrel of 0.05S diesel oil (up 3.573 USD/barrel, equivalent to an increase of 3.44%); 503,588 USD/ton of 180CST 3.5S fuel oil (up 8,728 USD/ton, equivalent to an increase of 1.76%).
On the world market, gasoline prices today, April 11, continued to rise from the previous session, regaining the 90 USD/barrel mark.
Data from Oilprice shows that at 8:12 a.m. on April 11 (Vietnam time), Brent crude oil was trading at $90.54 per barrel, up $0.06, or 0.07%, from the previous session. WTI crude oil was at $86.26 per barrel, up $0.05, or 0.06%, from the previous session. In the session on April 10, world oil prices turned to increase after falling in the first two sessions of the week.
Negotiations in Cairo, Egypt, attended by CIA Director William Burns, have so far failed to make a breakthrough.
Iran could close the Strait of Hormuz if necessary, Reuters reported. About a fifth of the world's total oil consumption passes through this strait every day.
Turkey meanwhile said it would restrict exports of many products, including jet fuel, to Israel until a ceasefire is in place.
Pemex, Mexico’s state-owned oil company, said it would cut crude exports to 330,000 barrels per day in May to supply domestic refineries. It had already cut exports in April to 436,000 barrels per day.
Meanwhile, the US Energy Information Administration (EIA) raised its forecast for US crude oil production by 280,000 barrels per day to 13.21 million barrels per day this year, higher than its previous forecast of 260,000 barrels per day.
EIA forecasts Brent crude oil prices will average $88.55 per barrel in 2024, up from its previous forecast of $87 per barrel.
In the most recent petrol price adjustment (April 4), the retail price of petrol products was adjusted to reduce the price of RON 95 petrol but increase the price of E5 RON 92 petrol and oil products. Specifically, the price of RON 95 petrol decreased by VND10/liter, the selling price was VND24,800/liter.
In the opposite direction, the price of E5 gasoline increased by 290 VND/liter, reaching 23,910 VND/liter.
Diesel prices were also adjusted up by VND290/liter, bringing the retail price to VND20,980/liter. Kerosene prices increased by VND140/liter, to VND21,010/liter.
In this management period, the Ministry of Finance and the Ministry of Industry and Trade did not set aside and did not spend the Price Stabilization Fund for most types of gasoline and oil, except for the 300 VND/liter provision for fuel oil.
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