Retail gasoline and oil prices today, August 2nd, at the Military Petrochemical Joint Stock Company (MIPEC) system continue to be applied according to the adjustment level effective from 30.7 at 3:00 PM of the inter-Ministry of Industry and Trade - Finance and will be maintained until the next gasoline and oil price adjustment period.
According to the latest price list, E10 RON 95-III bio-gasoline is listed by MIPEC at 22,850 VND/liter in region 1 and 23,300 VND/liter in region 2. Meanwhile, E5 RON 92-II bio-gasoline is priced at 22,380 VND/liter in region 1 and 22,820 VND/liter in region 2, continuing to be the item with the lowest price in the gasoline group.
For the oil group, 0.001S diesel oil level 5 is sold at a price of 29,720 VND/liter in region 1 and 30,310 VND/liter in region 2. 0.05S diesel oil level 2 is priced at 27,620 VND/liter in region 1 and 28,170 VND/liter in region 2.
Compared to the operating period effective from 3:00 PM on July 23, retail prices at MIPEC were adjusted up in all items. Specifically, E10 RON 95-III bio-gasoline increased by 1,420 VND/liter, to 22,850 VND/liter; E5 RON 92-II bio-gasoline increased by 1,500 VND/liter, to 22,380 VND/liter.
In the oil group, 0.001S diesel oil level 5 increased by 1,860 VND/liter, to 29,720 VND/liter; 0.05S diesel oil level 2 also increased by 1,860 VND/liter, to 27,620 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 level is applied by MIPEC at the entire system of gas stations, agents and retailers under the system nationwide until there is a new adjustment notice from the inter-Ministry of Industry and Trade - Finance. The price 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 mechanisms.
