Gasoline and oil prices decrease from 3:00 p.m. this afternoon

Since the beginning of the year, RON 95 gasoline prices have increased a total of 23 times and decreased 19 times.

RON 95 gasoline is sold for 19,720 VND. Photo: Viet Linh

As planned, the Ministry of Industry and Trade - Ministry of Finance adjusted retail gasoline prices periodically this afternoon (October 9).

In particular, the regulatory agency decided to reduce the retail price of E5 RON 92 gasoline by VND490/liter and RON 95 gasoline by VND480/liter. After adjustment, the retail price of E5 RON 92 gasoline is VND19,130/liter and RON 95 gasoline is VND19,720/liter.

Thus, domestic gasoline prices have been fluctuating over the past month. Since the beginning of the year, RON 95 gasoline has increased a total of 23 times and decreased 19 times.

Similarly, diesel prices were adjusted down by VND430/liter to VND18,600/liter. So far, oil prices have increased 21 times and decreased 20 times.

Previously, leaders of some petroleum companies predicted that the price of petroleum could decrease again in today's operating period. Currently, the discount of petroleum at many warehouses is fluctuating around 1,600-1,850 VND/liter.

The Ministry of Industry and Trade is currently seeking comments on the draft Circular regulating the roadmap for applying the blending ratio of biofuels with traditional fuels in Vietnam.

According to the proposal, in phase 1 (from January 1, 2026 to the end of 2030), all gasoline sold on the market will be E10 gasoline. In phase 2 (from 2031), all gasoline in circulation will switch to E15 or other biofuels decided by the Minister of Industry and Trade.

Source: https://baohatinh.vn/gia-xang-dau-giam-tu-15h-chieu-nay-post297114.html