Gasoline prices slightly decreased, RON95 decreased by 99 VND/liter

Accordingly, the price of RON 95 gasoline decreased by VND99/liter, down to VND20,962/liter. Similarly, the price of E5 gasoline decreased by VND116/liter, down to VND19,730/liter.

Diesel 0.05S has a new price of 18,321 VND/liter, recording a decrease of only 179 VND/liter.

Kerosene is priced at VND18,627/liter, after a decrease of VND163/liter.

Only the price of 180CST 3.5S fuel oil increased, with the new price of 16,090 VND/kg, an increase of 179 VND/kg.

Thus, gasoline prices have returned to a slight decrease after the previous sharp increase.

In this management period, the inter-ministerial committee continues to not set aside or use the petroleum price stabilization fund for E5 RON 92 gasoline, RON 95 gasoline, diesel oil, kerosene, and fuel oil.

Thus, the stabilization fund has remained unused for many months.

According to the Ministry of Industry and Trade - Ministry of Finance, the world oil market in this adjustment period (from October 10 to 17) is affected by many factors.

Tensions are escalating in the Middle East, OPEC has lowered its forecast for global oil demand growth in 2024 and the following year, and the military conflict between Russia and Ukraine continues...

The above factors have caused world oil prices to fluctuate in recent days depending on the product, but with a slight downward trend.

Of which, RON 92 gasoline for blending E5 RON 92 gasoline decreased by 1.14%; RON 95 gasoline decreased by 0.93%; oil products also decreased by 1.38-1.48% and 180CST 3.5S fuel oil increased by 1.10%.

Thus, since the beginning of the year, gasoline prices have increased 20 times and decreased 20 times. Diesel prices have increased 16 times and decreased 23 times.