Gasoline prices to decrease by more than 1,000VND/liter on December 1, 2022 in Vietnam

Gasoline prices to decrease by more than 1,000VND/liter on December 1, 2022 in Vietnam (Internet image)

On December 1, 2022, the Ministry of Industry and Trade of Vietnam issued Official Dispatch 7706/BCT-TTTN on petroleum business management. Thus, petrol and oil prices will be adjusted from 15:00 on December 1, 2022, as follows:

Official Dispatch 7706/BCT-TTTN

1. Gasoline price on December 1, 2022 in Vietnam

Specifically, after adjusting the setting up and spending levels for the use of the Petroleum Price Stabilization Fund, the selling prices of popular consumer petroleum products on the market after 3 p.m. on December 1, 2022, are regulated as follows: :

- E5RON92 gasoline: Not higher than 21,679 VND/liter (decreased by 992 VND/liter compared to the current retail price);

- RON95-III gasoline: Not higher than 22,704 VND/liter (decreased by 1,083 VND/liter compared to the current retail price);

- 0.05S diesel oil: Not higher than 23,213 VND/liter (decreased by 1,588 VND/liter compared to the current retail price);

- Kerosene: Not higher than 23,562 VND/liter (decreased by 1,078 VND/liter compared to the current retail price);

- Fuel oil 180CST 3.5S: Not higher than 13,953 VND/kg (decreased by 832 VND/kg compared to the current retail price).

2. To set up Petroleum Price Stabilization Fund in Vietnam

The Ministry of Industry and Trade of Vietnam decided to set up the Petroleum Price Stabilization Fund.

- E5RON92 gasoline: 300 VND/liter;

- RON95 gasoline: 400 VND/liter;

- Diesel oil: 700 VND/liter;

- Kerosene: 300 VND/liter.

- Madut oil: 500 VND/kg

At the same time, there is no spending from the Petroleum Price Stabilization Fund.

More details can be found in Vietnam's Official Dispatch 7706/BCT-TTTN, dated November 21, 2022.

Diem My

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