Gasoline prices down, oil prices up

Thạch Lam |

Gasoline prices fluctuated from 3 p.m. today (January 23), after adjustments by the Ministry of Industry and Trade and the Ministry of Finance.

In today's adjustment session on January 23, the price of E5 RON 92 gasoline decreased compared to the previous adjustment period, at 20,592 VND/liter (down 158 VND/liter). The price of RON 95-III gasoline decreased compared to the previous adjustment period, at 21,142 VND/liter (down 78 VND/liter).

Prices of oil products also increased simultaneously. Of which, diesel 0.05S is priced at 20,194 VND/liter (up 412 VND/liter); kerosene has a new price of 20,110 VND (up 404 VND/liter); mazut is priced at 17,752 VND/kg (up 571 VND/kg).

Also in today's operating period, the operator did not set aside or use the Petroleum Price Stabilization Fund - BOG for all petroleum products.

Previously, domestic retail gasoline prices in the adjustment session on January 16 were as follows:

E5 RON 92 gasoline is not more than 20,750 VND/liter.

RON 95-III gasoline is not more than 21,220 VND/liter.

Diesel oil not more than 19,782 VND/liter.

Kerosene not more than 19,706 VND/liter.

Fuel oil not exceeding 17,181 VND/kg.

Thạch Lam
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Retail oil prices are forecast to increase sharply from 3.8 - 4.9% if the Ministry of Finance and the Ministry of Industry and Trade do not set aside or use the Petroleum Price Stabilization Fund.

Gasoline prices are expected to increase in the upcoming management period

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It is forecasted that gasoline prices in the next management period on January 23 will fluctuate according to the world situation and may continue to increase.

Gasoline prices may continue to climb in the next management period

Thạch Lam |

Domestic gasoline prices may continue to climb in the next adjustment period. If the forecast is correct, this will be the fourth consecutive week of gasoline price increases.