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Many different “scenarios” to increase gasoline prices in the country

Petrol price today 4/5: Domestic gasoline price is expected to continue to increase

Petrol price today 4/5: Updated at 7:05 am on May 4 (Vietnam time), the price of US WTI oil for June delivery was trading at 103.52 USD/barrel, up 1.09 USD, equivalent to 1.06% . At the same time, the price of Brent oil for June delivery “anchored” at 105.92 USD/barrel.

Crude oil prices fell more than 2% in Tuesday’s trading session (May 3) on concerns about weakening demand in China as the anti-Covid-19 blockade orders were prolonged, causing the market to ignore the prospect of a new market. European ban on Russian crude oil.

Beijing is testing Covid-19 on a large scale to prevent a blockade similar to the one in Shanghai over the past month. The capital’s restaurants have closed for food and drink while some apartment blocks are locked down.

Closing the session, the price of Brent crude oil fell 2.4% to $104.97 a barrel, while the price of US WTI crude fell 2.6% to $102.41.

Petrol prices today 4/5: Many

Petrol price today 4/5: Many “scenarios” to increase domestic gasoline prices

Domestically, many levels petrol price increase difference was forecasted by enterprises.

Southern petroleum enterprises forecast that the retail price at the adjustment period this afternoon if not including setting up and using the stabilization fund, gasoline A95-III will increase by 540 VND/liter, E5 RON92 gasoline will increase by 380 VND/liter, and oil. diesel increased by 190 VND/liter, kerosene decreased by 500 VND/liter.

Some businesses forecast this operating period, if not using the Stabilization Fund, the price of gasoline may increase by 400-600 VND/liter, the oil price by 300-400 VND. On the contrary, if using the Fund, petrol price may increase slightly by 200-300 VND/liter.

As for the petroleum wholesaler in Hanoi, it is forecasted that the retail price of petrol and oil will increase by about 600-1,000 VND/liter.

According to key petroleum importers, gas price The average finished product in Singapore market is about 550 VND/liter higher than the domestic retail price, while diesel (DO) is about 200 VND/liter higher. In today’s operating period 4/5, if the inter-ministries of Finance – Industry and Trade do not use the Stabilization Fund, gasoline prices will increase accordingly.

In case of deducting from the Stabilization Fund equivalent to the previous operating period, petrol prices will increase higher when carrying an additional 400-500 VND/liter of gasoline. In case of stabilizing fund expenditures, gasoline prices will decrease according to the level of expenditure of this Fund.

However, in the previous operating period, many large enterprises were still negative in the Stabilization Fund (such as Petrolimex negative 222 billion dong, PVOil negative 1,065 billion dong), so the possibility of continuing to spend the stabilization fund is unlikely.

At the latest operating period from 3pm on April 21, the domestic gasoline price has increased sharply again, with the level of 663 – 675 VND/liter, depending on the type. And each liter of diesel oil increased by 970 VND/liter, kerosene increased by 800 VND/liter, fuel oil increased by 880 VND/kg.

Petrol price today 4/5: E5RON92 gasoline is not higher than 27,134 VND/liter (up 663 VND/liter compared to the current retail price), 858 VND/liter lower than RON95-III gasoline; RON95-III gasoline is not higher than 27,992 VND/liter (an increase of 675 VND/liter compared to the current retail price); 0.05S diesel oil is not higher than 25,359 VND/liter (an increase of 979 VND/liter compared to the current retail price); kerosene is not higher than 23,828 VND/liter (an increase of 801 VND/liter compared to the current retail price); fuel oil 180CST 3.5S is not higher than 21,800 VND/kg (an increase of 871 VND compared to the current retail price).

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