Gasoline prices may increase by 1,000 VND per liter

Data from the Ministry of Industry and Trade shows that the average price of finished gasoline on the Singapore market was updated to April 14 with RON 92 being $114.59 a barrel, RON 95 being $126.13 a barrel, up from previous adjustment. Similarly, the price of oil sometimes rises to 145 USD a barrel.

The leader of a petroleum wholesaler in Ho Chi Minh City said that the price of petrol has turned up in the past few days. Two commodities Brent and WTI gained about 9% last week. The reason is that the market receives information that the European Union (EU) may approve a ban on Russian oil imports as well as an easing of blockade measures in Shanghai (China) when Covid-19 infections occur. signs of a decrease.

The International Energy Agency (IEA) also warned that around 3 million barrels of oil a day and Russian oil products could be stopped from next month due to sanctions or buyers staying away from Russian goods.

“The down period of oil has passed and the price is expected to increase continuously in the coming days. In the operating period tomorrow, gasoline price will increase around 800-1,100 dong per liter, while oil price can add 1,300 dong if The operator does not use the stabilization fund,” said a leader of a petroleum business in Ho Chi Minh City.

In the second option, he said that, if the operator deducts or uses the Stabilization Fund, the price of gasoline will increase around 500-700 VND per liter.

In the same opinion, the leader of the focal enterprise in Hanoi said that compared to the previous operating period, the price of imported gasoline and oil is increasing by over VND 800 dong and may increase sharply in the next operating cycles. Therefore, a “shock” bullish cycle may occur.

“Importing enterprises may lose money if the import price continuously goes up this week and in the new cycle. Therefore, the operator will have to calculate more carefully the adjustment level accordingly”, the business leader said. focal point in Hanoi shared.

At the operating period of April 12, each liter of gasoline decreased by VND 830-840, kerosene and diesel decreased by VND 700-740. Thus, the price of gasoline E5 RON 92 decreased to 26,470 dong, gasoline RON 95 was 27,310 dong, kerosene was 23,030 dong per liter. Particularly madut oil kept the same price. This is the third sale in a row from the end of March until now.

Thi Ha