The Ministry of Industry, Trade, and Finance announced today that gasoline and oil prices have decreased following adjustments made by the joint management. The price of RON 95-III gasoline dropped by 1,410 VND to 23,540 VND per liter, while E5 RON 92 gasoline also decreased by 1,290 VND to 22,620 VND per liter. Oil products also experienced a decrease in prices, with new prices ranging from 17,500 to 19,840 VND per liter. Fuel oil was reduced by 260 VND to 17,660 VND per kg.
The fluctuations in fuel prices have been unpredictable in recent times, with changes happening a total of 11 times for gasoline and 10 times for oil products. Despite these changes, the Price Stabilization Fund for fuel products was not utilized during this period. The operator mentioned that fuel prices were affected by factors such as the increase in US commercial crude oil inventories and ongoing military conflicts.
In the past week, average prices for gasoline and oil saw a decrease of around 7-7.1% for finished gasoline and up to 4.9% for oil products. Each barrel of RON
