According to the latest data updated from the Ministry of Industry and Trade on May 19, the average RON 92 is 141.8 USD per barrel, RON95 is at 146.25, up 3-5% compared to the previous operating period. Meanwhile, the average price of petroleum products in the world in the previous period was at 136.96 USD/barrel of RON 92 gasoline and 95 gasoline at 141.09 USD/barrel.

Although in the last 3 days, the world oil price has dropped sharply, but according to experts, this product may still increase again. In addition, experts believe that, in this operating period, after balancing, the management agency can increase 500-700 VND per liter with gasoline, while oil stays the same or decreases slightly.

Gasoline price may increase sharply tomorrow, surpassing the mark of 30,000 VND/liter? first

In the operating period tomorrow (May 21), gasoline prices will inevitably increase if the operator does not deduct the Petroleum Price Stabilization Fund (BOG).

Previously, on May 11, the Ministry of Industry and Trade – Finance decided to adjust retail gasoline prices every 10 days.

During this adjustment period, the inter-Ministry decided to increase E5 RON 92 gasoline to 1,490 VND/liter with a maximum retail price of 28,950 VND/liter. For gasoline RON 95 is also adjusted to increase by 1,550 VND / liter with the maximum retail price of 29,980 VND / liter. This is the consecutive price increase since the end of April. After this increase, the retail gasoline price in the country has set a new peak.

Not only adjusted to increase the price of gasoline but also oil products, at this operating period, the inter-Ministry also increased strongly. Specifically, the selling price for diesel oil increased to 26,650 VND per liter, up 1,120 VND; kerosene is 25,160 VND per liter, an increase of 1,340 VND and fuel oil is 21,560 VND per kg.

During that adjustment period, the Ministry of Finance – Industry and Trade did not spend the stabilization fund for gasoline and diesel products. For kerosene, the fund expenditure increased to 300 dong per liter compared to the previous operating period, madut oil was 33 dong compared to 0 dong in the previous operating period. The level of stable fund deduction for RON95 gasoline, E5 RON92 gasoline and diesel oil is 100 VND per liter. For kerosene, madut oil is not deducted from the fund.​

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