The Ministry of Industry, Trade, and Finance announced today that the prices of RON 95-III and E5 RON 92 gasolines have decreased at 3:00 p.m. The price of RON 95-III gasoline dropped by 1,410 VND to 23,540 VND per liter, while E5 RON 92 gasoline decreased by 1,290 VND to 22,620 VND per liter. Oil products also experienced a decrease in prices, with new prices ranging from 17,500 to 19,840 VND per liter. Fuel oil was reduced by 260 VND to 17,660 VND per kg.
Gasoline and oil prices have fluctuated multiple times in recent years due to various factors such as global economic conditions and geopolitical tensions. Despite these fluctuations, the Price Stabilization Fund for fuel products was not utilized during this period. According to the operator of the fund, fuel prices were affected by factors such as the increase in US commercial crude oil inventories and ongoing military conflicts.
Overall, the recent changes in gasoline and oil prices reflect the dynamic nature of the fuel market and how it is influenced by both local and global factors. While fluctuations in prices can impact consumers and businesses alike