Gasoline price will continue to increase, surpassing 32,000 VND/liter?

Data from the Ministry of Industry and Trade shows that the retail gasoline price on the Singapore market updated to June 6 is 150.5 USD/barrel for RON92 gasoline and 157.4 USD/barrel for RON95 gasoline. This price is higher than June 1 by about 3 USD/barrel.

Similarly, the price of oils also increased by about 5 USD/barrel, currently diesel oil is priced at 170.6 USD/barrel, kerosene is 166.6 USD/barrel, and fuel oil is 636 USD/ton.

Answering VTC News, a leader of a petroleum business said that with the continuous increase of world oil prices, the retail price of gasoline in the country is likely to continue to be adjusted up in the fiscal year. act to.

The increase depends on the Inter-Ministry of Industry and Trade – Finance setting up and spending using the Price Stabilization Fund (BOG). But in the context that the BOG fund is exhausted, the price of finished gasoline on the world market continues to increase, the retail gasoline price in the country may increase by 800-1,000 VND/liter, while the oil price will increase more.

“Due to the continuous increase in world oil prices, domestic retail prices of gasoline and oil were forced to increase accordingly. In this context, in order to “cool down” gasoline prices, there is only way to reduce taxes and fees. said the business leader.

In the previous operating period, the Inter-Ministry of Industry, Trade and Finance increased the price of E5 RON92 gasoline by 602 VND/liter, sold 30,235 VND/liter; RON95 gasoline increased by 921 VND/liter, sold at no higher than 31,578 VND/liter.

Prices of oil commodities have increased. Kerosene is 25,340 VND per liter, an increase of 940 VND. Diesel oil increased to 26,390 VND per liter, up 840 VND. Fuel oil is 20,900 VND per kg, an increase of 310 VND.

This is the 5th price increase since April 21 up to now. In total, the price of RON95 gasoline increased by 4,260 VND per liter, E5 RON92 also increased by 3,760 VND per liter.

In this period, the operating agency also spends using the Petroleum Stabilization Fund at 500 VND per liter for RON 95 gasoline, 100 VND for E5 RON 92. Particularly, oil products will stop spending from the Stabilization Fund.

The Ministry of Industry, Trade and Finance continued to stop deducting the petrol and oil stabilization fund, increasing the amount of fund deduction for diesel oil to 100 dong, fuel oil to 300 dong per kg; reduce the deduction for kerosene from 300 dong to 100 dong per liter.

Answering questions before the National Assembly on June 8, Finance Minister Ho Duc Phuc said that the Ministry of Finance will assess the impact and report to the Government to submit to the National Assembly for consideration of tax reduction to reduce gasoline prices.