This afternoon, the price of gasoline decreased by 2,000 VND / liter?

Sharing with VTC News, a leader of a petroleum business said: Each liter of gasoline in the adjustment period this afternoon (March 21) may decrease by 1,000 – 2,000 VND due to the world gasoline price in 10 days. through a sharp decrease. However, the amount of reduction depends on the use of price stabilization tool of the Ministry of Industry and Trade – Finance.

“I think the domestic price of gasoline will fall in the range of VND 1,000-2,000 per liter,” said Mr. business leaders said.

Data from the Ministry of Industry and Trade shows that the price of finished gasoline on the Singapore market updated to March 17 has dropped sharply compared to the previous price calculation period. Specifically, the average price of RON 92 gasoline used to make E5 RON 92 gasoline was $120.29/barrel, the previous cycle was $133.83/barrel; RON 95 gasoline was 124.14 USD/barrel, the previous period was 135.5 USD/barrel.

Similarly, oil price also tended to decrease sharply compared to the previous price calculation period. Diesel oil reached the price level of 111 USD/barrel at many times (while in the previous period, there was a time when it jumped to 176 USD/barrel).

But according to the business leader above, not every reduction in the world gasoline price, the domestic price will decrease by that. Because the retail price of gasoline depends greatly on the setting up and use of the Price Stabilization Fund (BOG) by the operating agency.

Previously, at the adjustment period on March 11, the domestic gasoline price simultaneously increased sharply, approaching the mark of 30,000 VND/liter.

Specifically, gasoline E5RON92 increased by 2,908 VND/liter, the ceiling price was 28,985 VND/liter; RON95-III gasoline increased by 2,990 VND/liter, the highest was 29,824 VND/liter.

0.05S diesel oil increased by 3,958 VND/liter, the new price was 25,268 VND/liter. Kerosene oil increased by 3,940 VND/liter, the ceiling price was 23,918 VND/liter and fuel oil 180CST 3.5S increased by 2,519 VND/kg, the new price was 20,987 VND/kg.