During the operating period on July 10, the Ministry of Industry and Trade - Ministry of Finance decided not to make provisions or use the Petroleum Price Stabilization Fund for all products.
After adjustment, the price of E5 RON 92 gasoline increased by VND 214/liter to the new price of VND 19,659/liter; RON 95 III gasoline increased by VND 184/liter to VND 20,090/liter.
While fuel oil decreased by VND244 to VND15,563/kg, diesel and kerosene increased by VND429 and VND239, respectively, to new prices of VND18,837/liter and VND18,371/liter.
Explaining the adjustment decision, the joint ministries said that the world oil market from July 3-9 was affected by many complicated factors. Escalating tensions in the Red Sea region, the ongoing Russia-Ukraine military conflict, along with information about the US's new import tax policy and increasing crude oil inventories in the US have caused world oil prices to fluctuate inconsistently.
The average price of finished products in the world during this management period has tended to increase for most commodities, of which diesel oil price increased the most by 2.72%, to 89.2 USD/barrel. In contrast, fuel oil decreased slightly by 0.44%, to 418.9 USD/ton.
Source: https://doanhnghiepvn.vn/kinh-te/xang-tang-gia/20250710025252303
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