Gasoline prices could fall sharply after 7 consecutive increases
Last week’s world prices fell, so that every liter of gasoline in the new adjustment period on March 21 can be reduced by 1,500-2,000 VND.
Ministry of Industry and Trade data shows the average price of finished gasoline in the Singapore market was updated to March 17 with RON92 at $120.29 per barrel, RON95 at $124.14 per barrel, down 9-12% compared to the previous month. previous correction. Therefore, during this period of operation, the price of gasoline may drop sharply.
People fill up gas at a shop in Xa La Urban Area, Ha Dong, Hanoi. Photo: Ngoc Thanh
The head of a petroleum wholesaler in Ho Chi Minh City said that world oil prices fell sharply last week thanks to positive information. At one point, the price of oil fell 30%, so the average price cycle of the last 10 days, this commodity fell quite sharply. Based on import data, he predicts that during the adjustment period on March 21, gasoline prices could fall by 1,200-1,500 dong per liter, while oil prices would be around 2,000-2,500 dong per liter.
Sharing the same view, a business leader in Hanoi said that gasoline prices will be forced to fall sharply tomorrow after almost 2 consecutive months of increases. This is a good sign to help consumers reduce their cost burden.
On the other hand, on March 18, world oil prices rebounded when the International Energy Agency (IEA) warned of a supply shortage in April.
Analysts also say that the world is not yet free from risk. Oil prices are still trading at a much higher level than production costs. Therefore, in tomorrow’s operating period, the governing body may consider using the Fund to avoid a “surprise” increase or decrease. If using Dana, gasoline and oil will drop by around the threshold of 6,000-15,000 VND per liter.
for pliers gasoline price, The government recommends halve environmental protection tax for gasoline and oil, which means a reduction of 2,000 VND per liter of gasoline, 1,000 VND for diesel, fuel oils, lubricants, greases and 700 VND for kerosene. These levels are expected to take effect from April 1. As a result, each liter of gasoline is expected to decrease by VND 2,200 (including VAT) and oil prices will also be adjusted by VND 1,100.
In the March 11 operating period, gasoline prices rose by almost 3,000 VND per liter to 28,980 VND per liter with E5RON92; RON 95 is 29,820 dong. Kerosene is 23,910 VND per liter, diesel is 25,260 VND per liter…
Thi Ha
at Blogtuan.info – Source: vnexpress.net – Read the original article here
