Tin

Tomorrow, the price of gasoline may decrease by nearly 1,000 VND/liter

Gasoline price in the adjustment period tomorrow (April 12) is forecasted to decrease by nearly 1,000 VND/liter.

According to the law, gas price Oil will be adjusted today (April 11). However, because it falls on the time of compensating for the death anniversary of the Hung Kings, the adjustment session will be postponed to tomorrow (April 12).

Data from the Ministry of Industry and Trade shows that the price of finished gasoline on the Singapore market updated to April 7 tends to decrease compared to the previous price calculation period (April 1).

Tomorrow 12/4, gasoline price may decrease by nearly 1,000 VND/liter-1
Buy and sell gasoline at petrol and oil shops on Tran Quang Khai street, Hanoi. (Photo: VNA)

Specifically, RON 92 gasoline used to prepare E5 RON 92 gasoline had an average price of 121.02 USD/barrel, the previous cycle was 125.96 USD/barrel. And RON 95 gasoline is priced at 124.2 USD/barrel, the previous cycle was 129.84 USD/barrel. Thus, the price of gasoline RON 92 and gasoline price of RON 95 in this cycle decreased by 5-7% compared to the previous cycle.

Similarly, the oil price on the Singapore market updated to April 7 also dropped sharply compared to the previous price calculation period. Oil price fell below 130 USD/barrel.

In the world, in recent sessions, the price of crude oil has dropped sharply, below 100 USD/barrel. At 7:15 am (April 11, Vietnam time), WTI oil price dropped 1.48% to 96.81 USD/barrel. Brent crude oil price for June delivery also fell 1.02% to $101.31 per barrel.

Thermal seed oil prices when the supply shows signs of abundance, while the demand declines. The two-month cease-fire in Yemen allows fuel imports into areas held by Yemen’s Houthi group, raising hopes that supplies will stabilize in Saudi Arabia.

In addition, the fact that member countries of the International Energy Agency (IEA) will export 60 million barrels of oil within the next 6 months and the US will release the strategic reserve of 60 million barrels of oil also makes oil prices worse. downward.

Oil prices fell also due to a decrease in demand from China – the world’s top oil consumer. The fact that China maintains a blockade order in Shanghai, a city of 26 million people, has impacted energy demand, especially oil.

The above information makes domestic gasoline prices have the opportunity to go down in the adjustment phase on April 12. Because the world gasoline price has tended to decrease recently, the domestic gasoline price in the price adjustment period tomorrow (April 12) will also decrease, the leaders of a number of petroleum wholesalers in Hanoi said.

According to the calculation of a representative of a petrol and oil company, the price of gasoline may decrease at 700-900 VND/liter for gasoline and 600-700 VND/liter for oil.

However, the exact amount of reduction depends on the management agency’s management through setting up a price stabilization fund.

In the context of gasoline prices being reduced to environmental protection tax, it is not excluded that the operating agency will increase the setting up of a stabilization fund to create room for the next operation.

If the management agency sets up a petrol and oil price stabilization fund like in the previous operating period, the gasoline price will decrease less, about 400-600 VND/liter.

If the forecast is true, the domestic gasoline price will have the third consecutive decrease, around 26,000-27,000 VND/liter.

Previously, at the most recent petrol and oil price management period (April 1), the Ministry of Industry and Trade – Finance decided to reduce gasoline and oil prices. Accordingly, the price of E5RON 92 gasoline decreased by 1,021 VND/liter to 27,309 VND/liter, RON95 gasoline decreased by 1,039 VND/liter to 28,153 VND/liter.

Meanwhile, despite the tax reduction, the price of oil products still increased. Diesel price increased by 1,447 VND/liter, to 25,080 VND/liter; kerosene increased by 1,519 VND/liter to 23,764 VND/liter; fuel oil 180CST 3.5S increased by 506 VND/kg to 20,929 VND/kg.

The Ministry of Industry and Trade said that in order to regulate petrol and oil prices in the coming time to ensure the harmony of interests of the parties, the ministry will closely and promptly coordinate with the Ministry of Finance to consistently and properly implement regulations on operating petroleum business, the Prime Minister’s directives to contribute to controlling inflation and stabilizing marketsupporting people and businesses in the process of recovering production and business activities.

In which, the price difference between biofuel E5RON92 and mineral gasoline RON95 will continue to be maintained at a reasonable level to encourage the use of biofuel and protect the environment; ensure to maintain the tool of the Price Stabilization Fund at an appropriate level to have room to manage the complicated oil and gas prices in the coming time.

According to VTV

You are reading the article Tomorrow, the price of gasoline may decrease by nearly 1,000 VND/liter
at Blogtuan.info – Source: 2sao.vn – Read the original article here

Back to top button