New update: Gasoline prices continue to increase from 15:00 on November 1, 2022 in Vietnam

New update: Gasoline prices continue to increase from 15:00 on November 1, 2022 in Vietnam (Internet image)

The Ministry of Industry and Trade of Vietnam has just issued Official Dispatch 6853/BCT-TTTN dated November 1, 2022. Thus, gasoline prices on November 1, 2022, increased for the third time in a row. Specifically:

1. Gasoline prices from 15:00 on November 1, 2022 in Vietnam

The selling prices of popular consumer petroleum products on the market from 15:00 on November 1, 2022, are regulated as follows:

- E5RON92 gasoline: No higher than 21,873 VND/liter (up 377 VND/liter);

- RON95-III gasoline: No higher than 22,756 VND/liter (increasing by 412 VND/liter);

- 0.05S diesel oil: No higher than 25,070 VND/liter (increasing 287 VND/liter);

- Kerosene: No higher than 23,783 VND/liter (up 120 VND/liter);

- Fuel oil 180CST 3.5S: No higher than 14,082 VND/kg (increasing 183 VND/kg).

2. The level of setting up and spending of Vietnam Petroleum Price Stabilization Fund

According to Official Dispatch 6853/BCT-TTTN, the Ministry of Industry and Trade of Vietnam decided to set up the Petroleum Price Stabilization Fund for petroleum products as follows:

- E5RON92 gasoline: 200 VND/liter;

- RON95 gasoline: 400 VND/liter;

- Diesel oil: 0 VND/liter;

- Kerosene: 0 VND/liter;

- Madut oil: 500 VND/kg

At the same time, spending using the BOG Petroleum Fund includes the following:

- E5RON92 gasoline: 0 VND/liter;

- RON95 gasoline: 0 VND/liter;

- Diesel oil: 0 VND/liter;

- Kerosene: 0 VND/liter;

- Maduth oil: 0 VND/kg

More details can be found in Official Dispatch 6853/BCT-TTTN dated November 1, 2022.

Nhu Mai

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