Retail gasoline and oil prices today, July 12th, at the Military Petrochemical Joint Stock Company (MIPEC) system continue to be applied according to the adjustment level effective from 3 pm on July 9th.
According to the latest price list, E10 RON 95-III bio-gasoline is sold at 20,000 VND/liter in region 1 and 20,400 VND/liter in region 2. E5 RON 92-II bio-gasoline is listed at 19,190 VND/liter in region 1 and 19,570 VND/liter in region 2, continuing to be the item with the lowest price in the gasoline group at the MIPEC system.
For the oil group, 0.001S diesel oil level 5 is priced at 23,840 VND/liter in region 1 and 24,310 VND/liter in region 2. 0.05S diesel oil level 2 is sold at 21,740 VND/liter in region 1 and 22,170 VND/liter in region 2.
Compared to the previous operating period effective from 4:00 PM on July 2, retail prices at MIPEC were adjusted in both directions. Specifically, E10 RON 95-III bio-gasoline decreased by 410 VND/liter, E5 RON 92-II bio-gasoline decreased by 540 VND/liter. Meanwhile, 0.001S diesel oil level 5 increased by 570 VND/liter and 0.05S diesel oil level 2 also increased by 570 VND/liter.
According to MIPEC regulations, region 1 applies in areas near ports, wholesale warehouses or gasoline and oil supply facilities; region 2 applies in areas far from supply sources, so selling prices are higher due to additional transportation and distribution costs.
The above price level is applied by MIPEC at the entire system of gas stations and agents, traders receiving retail rights in the system until the next gasoline and oil price management period of the inter-Ministry of Industry and Trade - Finance. The adjustment is implemented according to the developments of finished gasoline and oil prices in the world market and current regulations on gasoline and oil price management.
