From 3:00 PM on January 03, 2022, gasoline prices increase by nearly 2,000 VND/liter in Vietnam

From 3:00 PM on January 3, 2022, gasoline prices increase by nearly 2,000 VND/liter in Vietnam (Image from the internet)

Will gasoline prices in Vietnam continue to rise in the price adjustment on January 3, 2023? – Dang Khoa (Gia Lai)

The Ministry of Industry and Trade (Hanoi, Vietnam) issued Official Dispatch 10/BCT-TTTN on January 3, 2023, regarding the management of petroleum business. From 3:00 PM on January 3, 2023, gasoline prices increase by more than 2,000 VND/liter.

	Official Dispatch 10/BCT-TTTN

1. From 3:00 PM on January 3, 2022, gasoline prices increase by nearly 2,000 VND/liter in Vietnam

To be specific, after adjusting the setting aside and spending levels from the Price Stabilization Fund for petroleum, the retail prices of common petroleum products in the market from 3:00 PM on January 3, 2022, are adjusted as follows:

- E5 RON 92 gasoline: No more than 21,702 VND/liter (an increase of 1,727 VND/liter compared to the current retail price);

- RON 95-III gasoline: No more than 22,554 VND/liter (an increase of 1,847 VND/liter compared to the current retail price);

- Diesel 0.05S: No more than 22,151 VND/liter (an increase of 550 VND/liter compared to the current retail price);

- Kerosene: No more than 22,767 VND/liter (an increase of 931 VND/liter compared to the current retail price);

- Mazut 180CST 3.5S: No more than 13,840 VND/kg (an increase of 977 VND/kg compared to the current retail price).

2. Setting aside the Price Stabilization Fund for petroleum in Vietnam

The Ministry of Industry and Trade decides to allocate for the Price Stabilization Fund for petroleum as follows:

- E5 RON 92 gasoline: 0 VND/liter;

- RON 95 gasoline: 0 VND/liter;

- Diesel: 605 VND/liter;

- Kerosene: 200 VND/liter;

- Mazut: 0 VND/kg.

3. Spending from the Price Stabilization Fund for petroleum in Vietnam

- E5 RON 92 gasoline: 350 VND/liter;

- RON 95 gasoline: 400 VND/liter;

- Diesel: 0 VND/liter;

- Kerosene: 0 VND/liter;

- Mazut: 100 VND/kg.

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