Retail gasoline and oil prices today, May 19th, at the PVOIL system continue to be maintained according to the adjustment level from the operating period at 3:00 PM on May 14th of the inter-Ministry of Industry and Trade - Finance:
According to the latest price list, RON 95-III gasoline is currently sold by PVOIL at 24,070 VND/liter, continuing to maintain below the threshold of 24,100 VND/liter after a recent downward adjustment.
Meanwhile, E10 RON 95-III bio-gasoline is currently listed at 23,450 VND/liter. E5 RON 92-II gasoline is being sold at 23,130 VND/liter, continuing to be the gasoline item with the lowest price in the popular fuel group on the market.
In the oil group, DO 0.05S-II oil is currently sold at a price of 27,220 VND/liter, while DO 0.001S-V oil is listed at 28,480 VND/liter.
According to records, the retail price level at PVOIL is currently equivalent to Petrolimex and MIPEC in many key commodities. After many strong fluctuations in early May, the domestic gasoline and oil market is trending to be more stable as world oil prices cool down.
Notably, PVOIL's official deployment of E10 biofuel business throughout the system from mid-May continues to attract market attention. The enterprise has now completed the process of converting the blending, storage and distribution infrastructure to serve large-scale biofuel demand.
Domestic gasoline and oil prices in the coming time will still be directly affected by the developments of world crude oil prices, especially in the context that the global energy market still has many fluctuations related to supply and geopolitical factors.
In addition, the trend of expanding biofuels such as E10 is expected to contribute to promoting clean energy consumption and supporting long-term emission reduction goals.
