This is the 2nd time in a row that domestic petroleum products have increased after 3 price reductions. Specifically, gasoline E5 RON 92 increased by 330 VND, RON 95 increased by 440 VND while diesel increased by 180 VND.
After adjustment, the highest selling price of E5 RON 92 gasoline is VND 27,460/liter, RON 95 gasoline is VND 28,430/liter, and diesel oil is VND 25,530/liter. Kerosene price remained unchanged at 23,820 dong, fuel oil decreased by 240 dong/kg, to 21,560 dong.
Along with that, the executive agency did not spend the petrol and oil stabilization fund for products, except fuel oil, at 250 VND/kg, increasing the amount set aside for the stabilization fund with RON 95 gasoline to 400 VND/liter and E5 RON gasoline. 92 is 300 VND/liter, diesel is 100 VND, kerosene is 119 VND.
Previously, in the price adjustment on April 21, gasoline E5 RON 92 increased by 660 VND/liter; RON 95 gasoline increased by 680 VND/liter, diesel oil increased by 970 VND/liter, kerosene increased by 800 VND/liter, fuel oil increased by 880 VND/kg.
Generally, in the first 4 months of the year, gasoline prices have increased 8 times and decreased 3 times.
Retail price of domestic petroleum products from 3pm today at Vietnam National Petroleum Group – Petrolimex.
The level of setting up the petrol price stabilization fund from 15:00 this afternoon.
Recently, the Ministry of Finance is consulting the reduction of preferential import tax (MFN tax) on motor gasoline, unleaded from the current 20% to 12%. This recommendation is aimed at diversifying petroleum supplies in the context of volatile world markets.
The Ministry of Finance said that currently, unleaded and motor gasoline used to produce RON 92 and RON 95 gasoline has an MFN tax rate of 20%, the FTA tax rate in the Vietnam – Korea Free Trade Agreements. (VKFTA), ASEAN Trade in Goods Agreement (ATIGA), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Free Trade Agreement between Vietnam and Eurasian Economic Union (VNEAEU) is 8%, EVFTA is 20%.
Currently, Vietnam has 36 leading petroleum trading enterprises (3 flying fuel businesses), more than 300 petroleum distribution enterprises that play the role of creating a source for the agent system; In which, the Petroleum Group accounts for about 45-50% of the market share, the remaining key enterprises account for 50-55% of the market share.
The main petroleum distribution companies are mainly from Nghi Son and Binh Son Refinery and Petrochemical Plants, and the rest are imported mainly from Korea and the ASEAN region at the FTA tax rate.
at Blogtuan.info – Source: autopro.com.vn – Read the original article here