Retail gasoline and oil prices today, May 20th, at the Military Petrochemical Joint Stock Company (MIPEC) system continue to remain stable according to the adjustment level from the operating period on May 14th of the inter-Ministry of Industry and Trade - Finance:
According to the latest price list, RON 95-III unleaded gasoline is currently listed by MIPEC at 24,070 VND/liter in region 1 (area near ports, wholesale warehouses and fuel supply centers) and 24,550 VND/liter in region 2 (areas far from ports, far from wholesale warehouses, far from petroleum production facilities as prescribed in Decree 95/2021/ND-CP).
Meanwhile, E10 RON 95-III bio-gasoline is currently sold at 23,450 VND/liter in region 1 and 23,910 VND/liter in region 2. E5 RON 92-II bio-gasoline is listed at 23,130 VND/liter in region 1 and 23,590 VND/liter in region 2.
In the oil group, Diesel 0.001S level 5 is currently priced at 28,480 VND/liter in region 1 and 29,040 VND/liter in region 2. Diesel 0.05S level 2 is sold at 27,220 VND/liter in region 1 and 27,760 VND/liter in region 2.
According to records, the retail price level at MIPEC is currently equivalent to Petrolimex and PVOIL for many key commodities such as RON 95-III gasoline, E5 RON 92-II gasoline and diesel oil. After the price reduction adjustment on May 14, the domestic gasoline and oil market is showing a more stable trend as the pressure to increase prices temporarily cools down.
Notably, the E10 biofuel group continues to attract market attention in the context that many key enterprises are accelerating the roadmap for converting to clean fuels and expanding the distribution system of biofuels nationwide. Expanding the consumption of biofuels like E10 is expected to contribute to reducing emissions and promoting the green energy transition process in Vietnam.
