What is the price of gasoline today 1/6?

01/06/2022 08:31 GMT+7

On May 31, according to data from Trading Economics, the price of WTI crude oil is trading around the $119 mark per barrel, up 1.43% in the past 24 hours. Similarly, Brent oil is priced at 123.57 USD/barrel, up sharply by 1.93%.

Thus, in the past week, world oil prices continued to adjust by more than 8%. In a 30-day cycle, oil prices have increased by more than 15%. Compared to the same period last year, oil prices are about 76% higher.

According to data from the Ministry of Industry and Trade, the average price of finished gasoline on the Singapore market updated to May 26 continued to increase compared to May 23 at $142.44 per barrel for RON 92 gasoline. gasoline RON 95 150.62 USD/barrel…

Accordingly, the price of imported gasoline including transportation costs until May 27 is at $154.26/barrel for RON 95 gasoline and 146.08 for E5 RON 92 gasoline. Compared to 10 days ago, the selling price The average finished gasoline product in the Singapore market is currently 350-850 VND/liter higher than the domestic retail price.

Today, June 1, is the time when the Inter-Ministry of Finance – Industry and Trade adjusts gasoline prices according to the cycle. With gasoline prices in the world continuously increasing, so what will the domestic gasoline price be like? What is the price of gasoline today 1/6?

According to the forecast, the domestic gasoline price on June 1 will probably be adjusted up, possibly about 350-850 VND/liter. If the gasoline price is adjusted to increase at this level, this is the first time that the domestic gasoline price has exceeded 31,000 VND/liter. And this is the 5th consecutive increase of gasoline prices.

Thus, the domestic gasoline price since the beginning of the year has increased by 6,741 – 6,774 VND/liter.

Previously, on May 23, the Inter-Ministry of Finance – Industry and Trade adjusted the price of E5 RON 92 gasoline by 680 VND/liter, the price of RON 95 gasoline was adjusted to increase by 670 VND/liter. After the increase, the maximum retail price for gasoline E5 RON 92 is 29,630 VND/liter and RON 95 gasoline is 30,650 VND/liter.

The price of oil products was adjusted down by 760-1,100 VND/liter. Accordingly, the selling price for diesel oil is 25,550 VND/liter, kerosene is 24,400 VND/kg, fuel oil is 20,590 VND/kg.

Regarding gasoline prices, according to a report on domestic petroleum price management of the Ministry of Industry and Trade recently published, the Ministry of Industry and Trade said that the average price of some finished petroleum products in the world (transactions on Singapore market) used to calculate the base price for the operating period on 11/5/2022 compared to the beginning of 2022, the fluctuation increased from 50.23% – 67.09%. However, gasoline price in the operating period on 11/5/2022 compared to the beginning of 2022 only increased from 25.04% – 46.85%.

The Ministry of Industry and Trade further cited, at the adjustment period 11/5, the price of each liter of RON 95 gasoline was 29,988/liter (US$1.3/liter), equal to the world average (ranked 86/170 countries) ). This price is lower than some countries in the region such as China (1.35 USD/liter); Thailand ($1.43/liter); Laos (1.74 USD/liter); Korea ($1.53/liter); Cambodia ($1.39/liter). The proportion of taxes and fees in the base price of gasoline accounts for from 15.23% to 34.07% depending on the type.

PV