Simultaneously increased sharply, setting a new record

Specifically, E5 gasoline increased by 680 VND / liter, the selling price was 29,630 VND / liter.

RON95 gasoline increased by 670 VND/liter, the selling price was 30,650 VND/liter.

Prices of oil products simultaneously fell sharply. Specifically, diesel oil fell sharply by 1,100 VND/liter, the selling price was 25,550 VND/liter. KO oil decreased by 760 VND/liter, selling price was 24,400 VND/liter. DO oil decreased by 970 VND / liter, the selling price was 20,590 VND / liter.

According to the Ministry of Industry and Trade, the world petroleum market in the past 10 days has experienced many great fluctuations. Supply to the market (especially the European region) continues to be affected by the embargo on products from Russia, while US crude oil inventories continue to be low. In terms of demand, the market expects that China will relax blockade measures to prevent the Covid-19 epidemic and the demand for some gasoline and oil products will increase when it is the summer driving season in many countries. Europe and America, however, due to the summer, the demand for fuel for heating decreases.

The above factors have pushed the price of gasoline to increase quite high and oil products to decrease compared to the previous period.

In this operating period, the Inter-Ministry of Industry, Trade and Finance continues to flexibly use the BOG Fund tool to both limit the increase in domestic gasoline prices and ensure the maintenance of the BOG Fund to have room to control gasoline prices. in the coming period, in the context of world petroleum prices from now until the end of the year, there are still complicated and unpredictable developments.

Accordingly, the Inter-Ministerial Department decided to stop setting up and spending the BOG Fund for gasoline so that the increase in domestic gasoline prices would be lower than the increase in world gasoline prices.

In addition, the Inter-Ministerial Department decided to increase the setting up of the BOG Fund for oils in order to maintain the BOG Fund to have operating tools in the near future. The management of petrol and oil prices mentioned above is to contribute to ensuring the achievement of the objectives of controlling inflation and stabilizing the market, and supporting people and businesses in the process of recovering production and business activities.

H.Duy

Gasoline price is likely to increase by nearly 1,000 VND/liter, the most expensive record in historyThe domestic gasoline price today (May 23) is forecasted to increase to 950 VND/liter, bringing the price of gasoline closer to 31,000 VND/liter, the highest ever.