Based on the direction of the Ministry of Industry and Trade - Ministry of Finance, businesses simultaneously adjusted gasoline prices from 3:00 p.m. today.

Compared to the previous adjustment period, in today's adjustment period, the price of E5 gasoline was adjusted down by 290 VND/liter, selling price is 19,400 VND/liter. The price of RON 95 gasoline decreased by 390 VND/liter, selling price is 20,500 VND/liter.

Meanwhile, diesel price was adjusted up by 90 VND/liter, selling price is 18,140 VND/liter.

In today's operating session, the Ministry of Industry and Trade - Ministry of Finance continued not to draw or spend from the Price Stabilization Fund for fuel products.

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Gasoline prices have been adjusted down. Photo: Tuan Anh

In the latest draft decree on petroleum business, the Ministry of Industry and Trade decided not to abolish the Petroleum Price Stabilization Fund.

Recently, in a report on the trade situation in September and the first 9 months of 2024, the Ministry of Industry and Trade said that since implementing the 7-day reduction in gasoline prices according to Decree No. 80/2023/ND-CP, domestic gasoline prices have been consistent with the developments in world gasoline prices.

Along with that, the costs of petroleum business are updated promptly, creating motivation for businesses to create petroleum sources to fully supply the needs of the domestic market.

According to the Ministry of Industry and Trade, because the impact of adjusting gasoline prices on the socio -economy is not large, in the first 9 months of the year, it was almost not necessary to use the Gasoline Price Stabilization Fund to stabilize the price of this item.