Gasoline prices fall, oil prices rise before Tet holiday

The Ministry of Industry and Trade has just announced an adjustment in gasoline prices from 3:00 p.m. this afternoon, January 23, with a decrease in gasoline prices and a continued increase in oil prices.

Managing the reduction of gasoline prices - Photo: Q.DINH

Accordingly, the new price of E5 RON 92 gasoline is 20,592 VND/liter, a decrease of 158 VND/liter compared to the current price. After adjustment, the price of E5 RON 92 gasoline is 550 VND/liter lower than that of RON 95-III gasoline.

Similarly, gasoline RON 95-III New price is 21,142 VND/liter, down 78 VND/liter.

The new price of 0.05S diesel is 20,194 VND/liter, an increase of 412 VND/liter. Kerosene has a new price of 20,110 VND/liter, an increase of 404 VND/liter compared to the current price; 180CST 3.5S fuel oil is adjusted to 17,752 VND/kg, an increase of 571 VND/kg.

In this operating period, the joint ministries decided to continue not to set aside and not to use the petroleum price stabilization fund for E5 RON 92 gasoline, RON 95 gasoline, diesel oil, kerosene and fuel oil products.

According to the joint agency of the Ministry of Industry and Trade - Ministry of Finance, the world oil market during the period from January 16 to 22 is affected by many factors with the main upward trend.

These are the cold weather in the US and Europe that boosts fuel demand, the US president's policy to promote domestic fossil fuel production, the US tax policy introduced by the US president for some countries, the military conflict between Russia and Ukraine continues...

Therefore, the prices of gasoline products tend to decrease slightly by nearly 1% and increase about 3-5% for oil, in which mazut 180CST 3.5S oil increases by 5%.

The Ministry of Industry and Trade said the time for petrol traders to adjust is at 3:00 p.m. today, January 23.

The Ministry said to make the adjustment gasoline prices The ministry will coordinate with relevant agencies to inspect and supervise the implementation of the responsibility of ensuring the supply of gasoline to the market by gasoline traders, and will strictly handle violations.

Thus, after three consecutive increases, gasoline prices have slightly decreased. Meanwhile, oil prices continued to increase sharply in this adjustment session.

Source: https://tuoitre.vn/gia-xang-quay-dau-giam-dau-tang-truoc-ky-nghi-tet-20250123145906318.htm