Retail gasoline and oil prices today (August 11) at the system of Vietnam Oil Corporation - JSC (PVOIL) continue to be applied according to the adjustment level effective from 3:00 PM on August 6 of the inter-Ministry of Industry and Trade - Finance.
According to the latest price list, E10 RON 95-III gasoline is listed by PVOIL at 22,320 VND/liter. E5 RON 92-II bio-gasoline is sold at 21,720 VND/liter, continuing to be the item with the lowest price in the gasoline group at the system.
In the oil group, DO 0.05S-II oil is currently priced at 27,540 VND/liter, while DO 0.001S-V oil is sold at 29,640 VND/liter, which is the item with the highest price in the fuel list announced by PVOIL.
Compared to the operating period effective from 3:00 PM on July 30, retail prices at PVOIL continued to be adjusted up in all items. Specifically, E10 RON 95-III gasoline decreased by 530 VND/liter, down to 22,320 VND/liter; E5 RON 92-II gasoline decreased by 660 VND/liter, down to 21,720 VND/liter.
For the oil group, DO 0.05S-II oil decreased by 80 VND/liter, to 27,540 VND/liter; DO oil 0.001S-V also decreased by 80 VND/liter, to 29,640 VND/liter.
The above retail price is applied by PVOIL at gas stations and distribution units under the system nationwide until the next gasoline and oil price adjustment period of the inter-Ministry of Industry and Trade - Finance.
The adjustment of gasoline and oil prices is implemented according to current regulations on price management, based on the developments of finished gasoline and oil prices in the world market in the price calculation cycle and factors related to gasoline and oil business costs.
Regarding the draft decree replacing Decree 83 and decrees amending and supplementing the gasoline and oil business, the Government has just directed and requested the Ministry of Industry and Trade to urgently complete the draft decree replacing Decree No. 83. Including regulations on gasoline and oil distribution systems, proactively implementing solutions to manage domestic gasoline and oil prices closely following world price developments.
Effectively use the gasoline and oil price stabilization fund, ensure sufficient supply of ethanol (E100) raw materials to blend E10 and E5 gasoline, without affecting the operation of bio-gasoline production plants; and at the same time ensure the progress of key energy projects.
