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Gasoline price will probably hit the mark of more than 30,000 VND/liter?


Petrol experienced a third consecutive increase with a strong increase since April 21. After the most recent adjustment, gasoline E5 RON 92 is currently sold for 28,959 VND/liter, RON 95 is 29,988 VND/liter, diesel oil is 26,650 VND/liter, and kerosene is 25,168 VND/liter. This price will be applied in the list of cities and provinces in region 1.

In region 2, that is, areas far from ports, from key warehouses, and far from petroleum production establishments, where business costs are higher than the norm of the costs constituting the base price. gasoline prices even at a higher level. Specifically, the price of RON 95 gasoline sold at places on the list of regions 2 after the adjustment period this afternoon is VND 30,570/liter; E5 RON 92 gasoline is 29,520 VND/liter.

Gasoline price will probably hit the mark of more than 30,000 VND/liter?  - Photo 1.

From the beginning of the year until now, in the total of 12 price management periods, there are 9 times increase in petrol price, only 3 decrease times (Chart: NM).

Notably, according to many forecasts in the upcoming adjustment period (May 21), gasoline prices will continue to increase. Talking to a reporter, a leader petroleum enterprise said that the world market recently fluctuated rapidly, prices changed direction continuously. Specifically, if a few days around the correction session on May 11, the price of this item fell below 100 USD, the lowest level in the past two weeks, but now it has increased again.

“The domestic base price is currently at a loss of about 300-600 dong per liter of gasoline, while oil is positive about 400-700 dong,” he said after calculating the input data and the cost of taxes and fees. If this momentum continues, businesses forecast the possibility of the next adjustment session, gasoline prices will hit the milestone of 30,000 VND/liter – a new record set.

“There are about 6 more days until the date of price adjustment, not excluding the possibility of a price reversal because the market fluctuates very quickly,” said the director of the petroleum business.

Meanwhile, international media reported, oil prices climbed due to concerns about energy shortages in Europe increasing when Russia announced it would stop sending gas to Europe via the Yamal pipeline. In addition, a pending European Union (EU) embargo on oil from Russia is expected to further narrow global supply.

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