Từ khóa: #gasoline prices

On September 21, the new price for E5 RON92 gasoline is VND24,197 per liter, up VND726 per liter, while RON95-III gasoline is priced at VND25,748 per liter, up VND877 per liter.

The price of E5RON92 gasoline will remain unchanged at VND20,878 per liter, and that of RON95-III gasoline will also be kept at VND22,015 per liter.

The retail price of petrol saw a slight decrease following the latest regular adjustment at 3 pm on March 1 by the Ministry of Industry and Trade and the Ministry of Finance.

The new gasoline prices are adjusted by the Ministry of Industry and Trade from the beginning of January 1, 2023.

In order to keep abreast of global petrol prices, the ministries of Industry and Trade and Finance decided to continue reducing retail fuel prices from 3 p.m. on December 21, but the reduction level is extremely low.

The ministries of Industry and Trade and Finance, on the afternoon of December 12, reduced the retail gasoline prices in the domestic market for a third consecutive time to just above VND20,000 per liter - the lowest price in the year.

Economic instability across the entire globe is bound to affect Vietnam as well. Although economic data for Vietnam shows that difficulties have been overcome, but the fact remains that scores of businesses are still struggling. 

The Ministry of Finance (MoF) is taking steps to stabilize domestic gasoline prices and supply while removing difficulties for petroleum traders, said Nguyen Tien Minh, Director of the MoF’s Price Management Department.

Contrary to the predictions, gasoline prices decreased slightly, but oil prices increased at the adjustment on the afternoon of September 5.

The Saigon Railway Transport Joint Stock Company, on the afternoon of August 11, said that it adjusted rail fares to support passengers after gasoline prices had decreased sharply from the beginning of July.

The domestic market management team of the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development held a regular meeting on July 29 to assess the petrol and pork supply in July 2022 and make forecasts for the coming time.

Minister of Industry and Trade Nguyen Hong Dien, on July 29, signed and promulgated Official Dispatch No. 4436 requesting the Head of the Vietnam Directorate of Market Surveillance and the heads of the Market Surveillance Agency in municipalities to strengthen inspection and supervision of the market, ensuring the balance of supply and demand.

Although gasoline prices have dropped sharply, many products have merely decreased slightly or kept their old prices.

Dozens of fresh food products, including meat, fish, seafood, vegetables, and fruits, are discounted by 10 percent by the GO! and Big C supermarket system.

The fact that gasoline prices exceeded VND32,000 per liter, and some places even listed VND33,000 per liter while oil prices climbed sharply by more than VND2,000 per liter as of 3 p.m. on the afternoon of June 13 has made consumers worry.

 

The prices of petrol products in Vietnam soared sharply on the afternoon of May 11, with an increase of about VND1,500 (US$0.065) per liter, so it sent the retail gasoline prices in the domestic market back to near VND30,000 ($1.3) per liter.

The ministries of Industry, and Trade, and Finance, on the afternoon of March 21, decided to request fuel enterprises to lower prices for all retail gasoline and oil products in the domestic market. However, consumers and businesses that directly use fuel assess that the reduction in gasoline prices in this adjustment is not as expected, although the global gasoline prices dropped sharply in the past week.