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Prices of petroleum products have dropped sharply since 3pm today, while the Stabilization Fund remains unchanged, with no deductions.
According to the decision of the Ministry of Industry and Trade - Ministry of Finance, from 3:00 p.m. on April 10, the ceiling price of E5RON92 gasoline is 18,882 VND/liter, down 1,491 VND/liter compared to the current price; RON95-III gasoline has a new price of 19,207 VND/liter, down 1,712 VND/liter.
Also in this adjustment period, diesel price decreased by 1,235 VND/liter, to 17,243 VND/liter; kerosene decreased by 1,322 VND/liter, the new price is 17,413 VND/liter and mazut decreased by 1,124 VND, to 15,902 VND/kg.
During this operating period, the inter-ministerial committee did not set aside or use the Price Stabilization Fund for petroleum products.
This is the first reduction after gasoline prices have increased three times in a row. Most recently (April 3), E5 RON92 gasoline prices increased by VND341/liter; RON95-III gasoline increased by VND495/liter, diesel increased by VND261, kerosene increased by VND211/liter and fuel oil increased by VND124/kg.
The world oil market in the past 7 days has been affected by many factors such as the increase in US crude oil inventories, the country also announced a 10% tax on all imported goods..., causing world oil prices to drop sharply, the average price of finished products per barrel of RON 95 gasoline is 75.3 USD, down 11.2%. Similarly, the price per barrel of diesel and kerosene also dropped to 79.5 USD and 79.7 USD, both down about 9%.
TB (summary)