Data on gasoline prices on the Singapore market updated to July 15 shows that gasoline 92 is trading at 77.2 USD/barrel, gasoline 95 is at 78.8 USD/barrel, down more than 1 USD/barrel compared to a week ago.
On the world market, on the morning of July 16, WTI oil price was trading at 66.8 USD/barrel, Brent oil was at 68.9 USD/barrel, down 1% compared to before.
Oil prices fell slightly after US President Donald Trump gave Russia an ultimatum to end the fighting in Ukraine within 50 days, a move that eased concerns about oil supply disruptions.
According to forecasts from petroleum companies, due to fluctuations in world oil prices, on July 17, there may be a slight decrease. Specifically, gasoline prices may decrease by 180 VND/liter, while oil prices fluctuate in opposite directions with an increase or decrease of about 50 VND/liter.
Since the beginning of the year, the price of RON 95 gasoline has increased 15 times and decreased 13 times. The price of diesel oil has increased 14 times, decreased 13 times and remained unchanged once.
Previously, in the operating period on July 10, the Ministry of Industry and Trade - Ministry of Finance increased RON 95-III from 184 VND/liter to 20,090 VND/liter; E5 RON 92 gasoline price increased by 214 VND/liter to 19,659 VND/liter.
Diesel price increased by 429 VND/liter, up to 18,837 VND/liter; kerosene increased by 239 VND/liter, up to 18,371 VND/liter. Meanwhile, fuel oil price decreased by 244 VND/kg to 15,563 VND/kg.
The Ministry of Industry and Trade and the Ministry of Finance continue to not use the Fund. Since last year, the executive agency has hardly used the Fund.
A recent report from the Ministry of Industry and Trade shows that by the end of the first quarter of this year, the total balance of the Price Stabilization Fund at enterprises was about VND6,080 billion. This number does not include the balance of traders who are no longer major traders.
Of which, Vietnam National Petroleum Group ( Petrolimex ) has more than 3,080 billion VND, Dong Thap Petroleum Trading Joint Stock Company has more than 460 billion VND, Thanh Le Import-Export Trading Corporation has more than 390 billion VND, Military Petroleum Corporation has more than 300 billion VND, Ho Chi Minh City Petroleum Corporation has more than 328 billion VND; Hoa Khanh General Trading and Service Company has 165 billion VND...
On the contrary, some enterprises have negative funds such as Vietnam Oil Corporation (PVOI), Petro Binh Minh Company Limited, Truong An Investment and Development Group Joint Stock Company...
The Ministry of Industry and Trade is planning to implement the use of E10 biofuel from January 1, 2026. The Ministry plans to submit to the Government for approval a summary report on the implementation of Decision 53/2012 on the roadmap for applying the blending ratio of biofuels with traditional fuels in the near future.
Source: https://baohatinh.vn/gia-xang-giam-vao-ngay-mai-post291830.html
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