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Petrol prices in Vietnam are lower than those of China, Thailand, and South Korea

According to the Ministry of Industry and Trade, the domestic price of RON95 gasoline is lower than many countries in the region, just equal to the world average when it ranks 86/170 countries.

The Ministry of Industry and Trade has just released an additional report on the implementation of the 2022 socio-economic development plan, which focused on clarifying the scarcity of gasoline and the management of domestic gasoline prices in the current period. past time.

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According to statistics of this Ministry, currently gas price RON95 is 29,988 VND/liter (equivalent to 1.3 USD/liter), equal to the world average when ranking 86/170 countries, but lower than some countries in the region such as: China (1.35) USD/liter); Thailand ($1.43/liter); Cambodia ($1.39/liter); Laos (1.74 USD/liter); Korea ($1.53/liter).

Regarding the management of domestic gasoline prices, the Ministry of Industry and Trade said that the governing body was flexible to ensure that domestic gasoline prices followed the trend of world gasoline prices, but the increase was lower.

For example, in the operating period on May 11, the average price of some world petroleum finished products used to calculate the base price fluctuated from the beginning of 2022 by 50 – 67%, but the domestic petrol price in the period Management on May 11 only increased from 25-47% compared to the beginning of the year.

Luong Bang

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Oil price exceeds 120 USD/barrel, pressure on domestic gasoline prices increasesThe world oil price today (May 30) has surpassed the resistance level of 120 USD/barrel, reaching the highest level in the past 3 months due to concerns about tightening supply.

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