Gasoline price increased sharply, up to nearly 30,000 VND/liter from 3pm on 11/3/2022

From 3pm on March 11, 2022, the price of RON95-III gasoline increased by nearly 3,000 VND/liter, approaching the milestone of 30,000 VND/liter.

Gasoline price increased sharply, up to nearly 30,000 VND/liter from 3pm on 11/3/2022

Gasoline prices increased sharply, up to nearly 30,000 VND/liter from 3pm on 11/3/2022 (Artwork)

According to  Official Letter 1214/BCT-TTTN  dated 11/03/2022, the selling prices of petrol and oil products are regulated by petrol and oil wholesalers and petrol distributors after 3pm on 11/03/2022 as follows: :

- E5RON92 gasoline: not higher than 28,985 VND/liter (increasing VND 2,908/liter compared to the current price);

- RON95-III gasoline: not higher than 29,824 VND/liter (increasing VND 2,990/liter compared to the current retail price);

- 0.05S diesel oil: not higher than VND 25,268/liter (increasing VND 3,958/liter compared to the current retail price);

- Kerosene: not higher than 23,918 VND/liter (increasing by 3,940 VND/liter compared to the current retail price);

- Fuel oil 180CST 3.5S: not higher than 20,987 VND/kg (up 2,519 VND/kg compared to current selling price).

The Ministry of Industry and Trade decided 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; 

- Oil of madut: 0 VND/kg. 

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

- E5RON92 gasoline: 750 VND/liter;

- RON95 gasoline: 1000 VND/liter;

- Diesel oil: 1500 VND/liter;

- Kerosene: 300 VND/liter;

- Oil of madut: 0 VND/kg.

Note: Adjusting the selling price of petroleum products: As regulated by the main petrol and oil traders and petrol distributors, but not earlier than 3pm on March 1 , 2022 for petroleum products. .

See details in  Official Dispatch 1214/BCT-TTTN  dated 11/03/2022.

.Jewel

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