Gasoline prices drop across the board

DNVN - From 3 p.m. on November 14, all types of gasoline and oil were adjusted down. In particular, gasoline prices decreased from nearly 250-300 VND/liter, oil prices decreased from more than 300 VND to nearly 400 VND/liter or kg (depending on the type).

Like many recent periods, in the operating period on November 14, the Ministry of Industry and Trade - Ministry of Finance decided not to set aside or use the Petroleum Price Stabilization Fund for all petroleum products.

Accordingly, E5 RON 92 gasoline decreased by VND292/liter to VND19,452/liter, RON 95 III gasoline was VND247/liter cheaper than the current base price, down to the new price of VND20,607/liter.

From 3:00 p.m. on November 14, gasoline prices will decrease.

Diesel, kerosene and fuel oil prices were also adjusted down by VND344, VND306 and VND385, respectively, to the new prices of VND18,573/liter, VND18,988/liter and VND16,009/kg.

Thus, since the beginning of the year, gasoline prices have increased 22 times and decreased 23 times. Oil prices have increased 20 times and 25 times.

According to the regulator, the world oil market from November 7 to 13 was affected by factors such as: OPEC reduced its forecast for global oil demand growth in 2024 and the following year, the US dollar increased in price, conflicts in the Middle East and the military conflict between Russia and Ukraine continued... Therefore, world oil prices in recent days have increased and decreased depending on each product, but the downward trend is mainly.

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Source: https://doanhnghiepvn.vn/kinh-te/xang-dau-dong-loat-giam-gia/20241114025009622