Gasoline prices down, oil prices up from this afternoon

From 3:00 p.m. today (March 14), each liter of gasoline decreased from 14 to 22 VND/liter, while the price of oil increased the most by nearly 300 VND/kg.

Specifically, the price of E5 RON92 gasoline decreased by 22 VND/liter, to 22,290 VND/liter. The price of RON95 gasoline decreased by 14 VND/liter, not higher than 23,549 VND/liter.

Oil prices increase or decrease depending on the type. Of which, diesel price increases by 78 VND/liter, not higher than 20,549 VND/liter; kerosene increases by 97 VND/liter, not higher than 20,706 VND/liter; mazut increases by 299 VND/kg, not higher than 16,432 VND/kg.

According to the regulator's assessment, the world oil market in this regulatory period (from March 7, 2024 to March 13, 2024) is affected by factors such as: China's CPI has increased but is forecast to increase in the short term, US commercial oil inventories have decreased more sharply than forecast, tensions in the Middle East continue...

The above factors have caused the world oil price to fluctuate between increases and decreases in recent days. The average price of finished oil products in the world this period is: 94.440 USD/barrel of RON92 gasoline used to blend E5 RON92 gasoline (down 0.096 USD/barrel, equivalent to a decrease of 0.10%); 98.764 USD/barrel of RON95 gasoline (down 0.058 USD/barrel); 101.778 USD/barrel of kerosene (up 0.624 USD/barrel); 102.274 USD/barrel of diesel oil (up 0.508 USD/barrel); 464.546 USD/ton of fuel oil (up 11.118 USD/ton, equivalent to an increase of 2.54%).

In this operating period, before the developments in world oil prices, the Ministry of Industry and Trade - Ministry of Finance decided to set up a price stabilization fund for fuel oil at 300 VND/kg.

At the same time, no price stabilization fund is set aside for E5 RON92 gasoline, RON95 gasoline, diesel oil and kerosene.

The management agency also does not use the petrol price stabilization fund for goods.

(VTC News)

Source: https://baoninhbinh.org.vn/gia-xang-giam-gia-dau-tang-tu-chieu-nay/d2024031415251924.htm