Gasoline prices drop sharply by more than 1,000 VND/liter

At 3:00 p.m. on July 3, the Ministry of Industry and Trade - Ministry of Finance regulated gasoline prices, accordingly gasoline prices decreased sharply by more than 1,000 VND per liter.

Specifically, gasoline prices are adjusted as follows: E5RON92 gasoline decreased by VND1,085/liter compared to the previous period, down to VND19,445/liter; RON95-III gasoline decreased by VND1,210/liter, down to VND19,906/liter.

Gasoline prices drop sharply from 3pm on July 3

Diesel 0.05S decreased by VND941/liter compared to the previous period, to VND18,408/liter; Kerosene decreased by VND932/liter compared to the previous period, to VND18,132/liter and fuel oil 180CST 3.5S decreased by VND1,148/kg compared to the previous period, to VND15,807/kg.

In this management period, the Joint Ministry continues not to set aside or use the Petroleum Price Stabilization Fund for any products.

Previously, from 0:00 on July 1 (Tuesday this week), gasoline prices decreased due to a 2% reduction in value added tax (VAT).

Specifically, E5 RON92 gasoline decreased by 101 VND/liter compared to the previous period, to 20,530 VND/liter; RON95-III gasoline decreased by 128 VND/liter compared to the previous period, to no higher than 21,116 VND/liter.

In the past 2 weeks, the world oil market has fluctuated due to conflicts in the Middle East, causing world oil prices to increase, with the risk of supply disruption. Some major traders have reduced the discount on oil for agents to 500 VND, or even 100-200 VND.

However, the Department of Domestic Market Management and Development said that by June 25, due to positive signals from negotiations in the Middle East, gasoline prices had decreased, the risk of supply shortage had also decreased, so the discount of key enterprises had also increased again to more than 2,000 VND/liter.

According to the Ministry of Industry and Trade, when participating in business in the market, petrol dealers and retail stores must accept the rules of the market and be subject to market regulation (supply, demand, price). Therefore, they must have their own business plan to respond when the market fluctuates.

According to Le Thuy/NLDO

Source: https://baovinhlong.com.vn/kinh-te/202507/gia-xang-giam-manh-hon-1000-donglit-a0f2b8a/