RON 95 gasoline price down to 20,503 VND/liter, oil price up

From 3:00 p.m. on October 31, the Ministry of Industry and Trade and the Ministry of Finance announced the adjustment of gasoline prices. Gasoline prices continued to decrease by 284 - 391 VND/liter, but oil prices increased by 91 - 263 VND/liter.

Customers refuel at a gas station in Ho Chi Minh City - Photo: QUANG DINH

Accordingly, E5 gasoline is priced at VND19,408/liter, down VND284/liter. Similarly, RON 95-III gasoline has a new price of VND20,503/liter, down VND391/liter. Meanwhile, oil prices have increased.

Specifically, diesel 0.05S has a new price of 18,148 VND/liter, an increase of 91 VND/liter. Kerosene is 18,833 VND/liter, an increase of 263 VND/liter; fuel oil 180CST 3.5S is 16,461 VND/kg, an increase of 232 VND/kg.

During the management period from October 24 to October 30, the Ministry of Industry and Trade and the Ministry of Finance said that the world oil market was affected by factors such as conflicts in the Middle East, Russia-Ukraine tensions, falling US crude oil reserves and the possibility of OPEC+ postponing production increases.

These factors caused gasoline prices to fluctuate, with RON92 and RON95 gasoline falling by 2.27% and 2.67% respectively, while kerosene, diesel and fuel oil increased slightly from 0.4% to 1.59%. These fluctuations reflect the impact of geopolitical instability and the global energy supply and demand situation.

Source: https://tuoitre.vn/gia-xang-ron-95-ve-muc-20-503-dong-lit-gia-dau-di-len-20241031145710392.htm