Retail prices of two popular types of gasoline on the market both increased from the afternoon of January 18.
At the gasoline and oil price management session on the afternoon of January 18, the Ministry of Industry and Trade - Ministry of Finance said that the world gasoline and oil market during the management period from January 11 to January 18 was affected by factors such as: escalating tensions in the Middle East, China's economic recovery was lower than expected, warm weather reduced the supply of fuel for heating in the Northeast and Midwest of the US, oil supply from Russia increased despite tensions in the Red Sea region, the increase in the price of the USD...
The above factors have caused world gasoline and oil prices to fluctuate slightly in recent days, increasing and decreasing, but generally increasing.
Given the above developments and current regulations, the Ministry of Industry and Trade - Ministry of Finance decided to set up the Price Stabilization Fund for fuel oil as in the previous period, at 300 VND/kg, not to set up the Fund for gasoline, diesel and kerosene products, and not to use the Fund for all gasoline and oil products.
The selling prices of popular gasoline and oil products on the market are as follows:
E5RON92 gasoline: No higher than VND 21,418/liter (an increase of VND 377/liter compared to the current retail price), VND 1,064/liter lower than RON95-III gasoline.
RON95-III gasoline: No higher than VND 22,482/liter (increase of VND 547/liter compared to current retail price).
Diesel 0.05S: Not higher than VND 20,194/liter (increase of VND 487/liter compared to current retail price).
Kerosene: Not higher than VND 20,536/liter (increase of VND 205/liter compared to current retail price).
Mazut 3.5S oil: Not higher than 15,508 VND/kg (307 VND/kg lower than current retail price).
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