According to the schedule, the petrol price management cycle will be implemented on the 1st, 11th and 21st of every month. If the operating cycle falls on a public holiday or New Year, the adjustment schedule will be postponed to the next day. Thus, today, gasoline prices will not be adjusted but will be postponed tomorrow, April 12.
During this operating cycle, oil prices on the world market tend to decrease. Data from the Ministry of Industry and Trade shows that the average price of finished gasoline on the Singapore market was updated to April 7 with RON92 at $121.02/barrel, RON95 at $124.22/barrel, down 5-7% compared with the previous correction, oil price also dropped to around the level of less than 130 USD a barrel.
According to the leader of a petroleum wholesaler in Ho Chi Minh City, with the reduction in prices on the world market, the adjustment period tomorrow petrol prices may decrease by 600-700 VND/liter. If the operator uses the Price Stabilization Fund, the reduction will be around 300-400 VND/liter.
Gasoline price fluctuations in the Singapore market.
Previously, in the price adjustment on April 1, the price of E5 RON 92 gasoline was reduced by 1,021 VND / liter, RON 95 gasoline decreased by 1,039 VND / liter. After adjustment, gasoline E5 RON 92 has the highest selling price of 27,309 VND / liter, RON 95 gasoline 28,153 VND / liter.
Meanwhile, despite the tax reduction, oil products in this cycle increased sharply. Diesel oil increased by 1,447 VND/liter, kerosene increased by 1,519 VND/liter, fuel oil increased by 506 VND/kg. The selling price after adjustment is the highest diesel oil at 25,080 VND/liter, kerosene at 23,764 VND/liter, and fuel oil at 20,929 VND/kg.
At the same time, the executive agency spends 500 dong per liter on kerosene (the previous operating period was 0 dong) and does not spend the stabilization fund on other gasoline and oil products. Deductions from the Stabilization Fund for commodities also decreased compared to 10 days ago, diesel oil was about 100 VND/liter; gasoline RON 95 is 250 dong and E5 RON 92 is 200 dong. This period does not deduct the stabilization fund for kerosene and fuel oil.
at Blogtuan.info – Source: autopro.com.vn – Read the original article here
