Retail gasoline and oil prices today, May 7th, at the Military Petrochemical Joint Stock Company (MIPEC) system are applied according to the adjustment level from the operating period on April 29th, with a stable price level throughout the system:
In region 1 (near the port, wholesale warehouse), RON 95-III gasoline is listed at 23,750 VND/liter, while E5 RON 92-II gasoline is at 22,620 VND/liter. In the oil group, 0.001S diesel level 5 is priced at 29,430 VND/liter and 0.05S diesel level 2 is at 28,170 VND/liter.
For the region 2 area (far from ports, higher transportation costs), the recorded retail price is correspondingly higher. RON 95-III gasoline is at 24,220 VND/liter, E5 RON 92-II gasoline is 23,070 VND/liter. Meanwhile, diesel 0.001S level 5 reaches 30,010 VND/liter and diesel 0.05S level 2 is at 28,730 VND/liter.
This price level accurately reflects the regional operating mechanism, in which areas far from supply must add transportation and distribution costs.
The fact that gasoline and oil prices at MIPEC remain stable shows that the domestic market is temporarily "fixing prices" after the adjustment period at the end of April, in the context that world gasoline and oil prices are still fluctuating strongly due to geopolitical factors and energy supply.
Compared to large key enterprises such as Petrolimex or PVOIL, the price level at MIPEC basically closely follows the general operating price, and no significant differences appear between distribution systems.
In the short term, domestic gasoline and oil prices are likely to continue to remain stable if world oil prices do not have sudden fluctuations. However, risks from the international energy market, especially the Middle East region, may still create adjustment pressure in subsequent operating periods.
