Retail gasoline and oil prices today, June 2nd, at the Vietnam Oil Corporation (PVOIL) system continue to remain stable according to the adjustment level from the May 28th operating period of the inter-Ministry of Industry and Trade - Finance, in the context that world oil prices are still fluctuating around the high zone.
According to the latest price list, PVOIL currently sells RON 95-III gasoline at 24,150 VND/liter, E10 RON 95-III gasoline at 23,660 VND/liter and E5 RON 92-II gasoline at 23,250 VND/liter. These are still the prices maintained after the sharp downward adjustment on May 28.
In the oil group, DO 0.05S-II oil is currently sold at 27,650 VND/liter, while DO 0.001S-V oil is listed at 28,910 VND/liter. Retail prices of oil items at PVOIL are currently unchanged compared to the end of May.
According to records, the retail price level at PVOIL is currently equivalent to Zone 1 of Petrolimex in many key items such as RON 95-III gasoline, E10 RON 95-III gasoline, E5 RON 92-II gasoline and diesel oil. Compared to Zone 2 prices of Petrolimex, items at PVOIL are lower by about 460 - 570 VND/liter depending on the product, creating a certain competitive advantage in some large fuel consumption areas.
The domestic gasoline and oil price level currently maintains a stable state after the operating period on May 28. However, the market is still closely monitoring the developments of world crude oil prices as many factors related to supply, geopolitics and global energy demand may affect the next operating periods. International oil prices currently fluctuate around the threshold of 90 - 97 USD/barrel.
