Gasoline price continues to increase by 440 VND/liter

On the afternoon of May 4, the Ministry of Finance – Industry and Trade decided to adjust the retail price of gasoline according to the cycle after the compensatory holiday on the occasion of 30/4-1/5.

Accordingly, gasoline E5 RON 92 increased by 330 VND / liter, the price of gasoline RON 95 was adjusted to increase 440 VND / liter. After the increase, the maximum retail price for gasoline E5 RON 92 is 27,460 VND/liter and RON 95 gasoline is 28,430 VND/liter.

Generally in the first 4 months of the year, gas price There have been 8 increases, 3 decreases in price. Not only gasoline, the price of diesel oil in this operating period was also adjusted up, while fuel oil decreased. Accordingly, the selling price for diesel oil increased to 25,530 VND/liter; kerosene is 23,820 VND/liter and fuel oil is 21,560 VND/kg.

In this adjustment period, the inter-Ministry of Finance – Industry and Trade deducts the stabilization fund with E5 RON 92 gasoline at 300 VND/liter, RON 95 gasoline at 400 VND/liter, diesel oil 100 VND/liter…

According to the Ministry of Industry and Trade, during the price management periods, the inter-ministerial agencies have flexibly used the price stabilization fund tool to ensure that domestic gasoline prices follow the trend of world gasoline prices, but the increase is lower.

The average price of some finished petroleum products in the world (traded on the Singapore market) in the operating period on April 21, compared with the beginning of 2022, fluctuated and increased by 36.53-60.14%, but the price of gasoline in The operating period on April 21, compared with the beginning of 2022, only increased by 3,975-7,120 VND/liter/kg (depending on the type of petrol), equivalent to an increase of 17.16-39.04%.

Regarding the domestic supply, the Ministry of Industry and Trade said that according to a report from Nghi Son Refining and Petrochemical Company Limited (NSRP), this unit is currently working with the product distribution branch of Nghi Son Oil Refinery (PVNDP). ) on the volume of goods committed to sell in the second quarter under the petroleum product off-take contract (FPOA).

Accordingly, NSRP’s committed output in the second quarter is 1.83 million m3, of which 590,000 m3 in April; May is 630,000 m3; June is 610,000 m3 (this volume is the official off-take volume that is legally binding on PVNDP).

“However, the implementation of the above production plan depends on the implementation of NSRP’s financial solutions. Currently, the National Oil and Gas Group (PVN) has issued a Resolution approving the FPOA early payment mechanism. until the end of May, so NSRP has enough conditions to operate stably until the end of the second quarter”, Ministry of Industry and Trade assessment.

In order to ensure a more stable petroleum supply, the Ministry of Industry and Trade proposed the Committee for the Management of State Capital at Enterprises to direct PVN to urgently work and negotiate with relevant parties to promptly resolve the issues on their own. internal problems in the joint venture at Nghi Son Refinery and Petrochemical Plant.

According to Zing