HOT: Gasoline price increased to nearly 27,000 VND/liter from 3pm on 01/03/2022

The Ministry of Industry and Trade has just issued Official Letter 961/BCT-TTTN governing the petroleum business. Accordingly, the price of gasoline continued to increase by nearly 27,000 VND/liter from 3pm on March 1, 2022.

Gasoline price increased to nearly 27,000 VND/liter from 3pm on 01/03/2022

Gasoline price increased to nearly 27,000 VND/liter from 3pm on March 1, 2022 (Artwork)

Specifically, the Ministry of Industry and Trade adjusted the selling prices of popular petroleum products on the market as follows:

- E5 RON92 gasoline: not higher than 26,077 VND/liter, an increase of 545 VND/liter compared to the previous one ;

- RON95-III gasoline: no higher than 26,834 VND/liter, an increase of 547 VND/liter compared to before;

- 0.05S diesel oil: not higher than 21,310 VND/liter, an increase of 509 VND/liter compared to the previous one;

- Kerosene: not higher than 19,978 VND/liter, up 478 VND/liter compared to the previous one;

- Fuel oil 180CST 3.5S: not higher than 18,468 VND/kg, an increase of 536 VND/liter compared to the previous one.

The Ministry of Industry and Trade decides to set up the Petroleum Price Stabilization Fund:

- E5RON92 gasoline: 0 VND/liter;

- RON95 gasoline: 0 VND/liter;

- Diesel oil: 0 VND/liter;

- Kerosene: 0 VND/liter;

- Madut oil: 300 VND/kg.

In addition, expenditures for using the Petroleum Price Stabilization Fund:

- E5RON92 gasoline: 250 VND/liter;

- RON95 gasoline: 220 VND/liter;

- Diesel oil: 300 VND/liter;

- Kerosene: 0 VND/liter;

- Oil of madut: 0 VND/kg.

Note: Adjustment of selling prices of petroleum products: Regulations by the main petrol and oil traders and petrol and oil distributors, but not earlier than 3pm on March 1, 2022 for petroleum products.

See details in Official Letter 961/BCT-TTTN dated March 1, 2022.

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