Retail gasoline and oil prices today, August 16th, at the Military Petrochemical Joint Stock Company (MIPEC) system continue to be applied according to the adjustment level effective from 3:00 PM on August 13th, there has been no new adjustment notice from businesses.
According to the current retail price list, E10 RON 95-III bio-gasoline is sold at a price of 22,110 VND/liter in region 1 and 22,550 VND/liter in region 2. Meanwhile, E5 RON 92-II bio-gasoline is listed at 21,230 VND/liter in region 1 and 21,650 VND/liter in region 2.
For the oil group, 0.001S diesel oil level 5 is priced at 29,330 VND/liter in region 1 and 29,910 VND/liter in region 2. 0.05S diesel oil level 2 is sold at 27,230 VND/liter in region 1 and 27,770 VND/liter in region 2.
Compared to the operating period effective from 3:00 PM on August 6th, retail prices of goods at MIPEC have been adjusted down. Specifically, E10 RON 95-III bio-gasoline decreased by 210 VND/liter, E5 RON 92-II bio-gasoline decreased by 490 VND/liter. Meanwhile, 0.001S diesel oil level 5 and 0.05S diesel oil level 2 both decreased by 310 VND/liter.
According to MIPEC regulations, region 1 applies in areas near ports, wholesale warehouses or gasoline and oil supply facilities; region 2 applies to areas far from supply sources, so the selling price is higher to compensate for transportation and distribution costs.
The above price is applied by MIPEC at the entire system of gas stations, agents and retailers belonging to the system nationwide until there is a new adjustment notice.
The adjustment of gasoline and oil prices is implemented according to current regulations on gasoline and oil price management mechanisms, based on the developments of finished gasoline and oil prices in the world market in the price calculation cycle and price-forming factors according to regulations of management agencies.
