Retail gasoline and oil prices today, May 11th, at the Military Petroleum Corporation (MIPECORP) system are applied according to the adjustment level from the operating period on May 7th, with a stable price level throughout the system:
According to the latest price list, RON 95-III gasoline in region 1 (area near ports, wholesale warehouses and petroleum production facilities) is currently listed by MIPECORP at 24,350 VND/liter. Meanwhile, in region 2 (areas far from ports, far from wholesale warehouses and higher transportation costs), the selling price is at 24,830 VND/liter.
Meanwhile, E5 RON 92-II gasoline is currently maintained at 23,790 VND/liter in region 1 and 24,260 VND/liter in region 2 after increasing sharply by more than 1,000 VND/liter in the most recent operating period.
In the oil group, 0.05S-II diesel is being sold at 27,490 VND/liter in region 1 and 28,030 VND/liter in region 2. 0.001S-V diesel is currently at 28,750 VND/kg in region 1 and 29,320 VND/kg in region 2.
Compared to the price level of Petrolimex and PVOIL, retail prices at MIPECORP are currently almost equivalent for most key items. The difference between region 1 and region 2 ranges from about 470 - 570 VND depending on the product, mainly reflecting transportation costs in areas far from ports, warehouses and distribution facilities.
According to records, after the adjustment on May 7, the domestic gasoline and oil market is entering a more stable phase as key enterprises simultaneously maintain the retail price schedule.
Domestic gasoline and oil price movements are currently continuing to be affected by fluctuations in world oil prices in the context of the global energy market closely monitoring geopolitical tensions in the Middle East and the prospects of crude oil supply in the coming time.
