Petrol prices simultaneously increased - 13.3 update

Each liter of gasoline increased from 385 VND - 493 VND / liter, oil increased from 241 VND to 724 VND.

According to the adjustment of the Ministry of Industry and Trade on March 13, gasoline and oil prices increased.

Specifically, gasoline E5RON92, not higher than 22,806 VND / liter (increased 385 VND / liter compared to the current retail price), lower than RON95-III gasoline 1,012 VND / liter;

RON95-III gasoline is not higher than 23,818 VND/liter (up 493 VND/liter compared to the current retail price);

0.05S diesel oil is not higher than 20,502 VND/liter (an increase of 247 VND/liter compared to the current retail price);

Kerosene is not higher than 20,715 VND/liter (an increase of 241 VND/liter compared to the current retail price);

Fuel oil 180CST 3.5S is not higher than 15,279 VND/kg (up 724 VND/kg compared to the current retail price).

The Inter-Ministry of Industry, Trade and Finance decided to set aside the BOG Fund for 2 gasoline products, set up the BOG Fund for kerosene products, reduce the deduction for setting up the BOG Fund for diesel products, and continue not to set up the BOG Fund. for fuel oil. Specifically, setting up the BOG Fund for gasoline E5 RON 92 at 250 VND/liter; RON 95 gasoline at 200 VND/liter; diesel oil at 500 VND/liter; kerosene at 300 VND/liter; fuel oil at 0 dong/kg.

The world petroleum market this operating period (from March 1, 2023 to March 13, 2023) is influenced by factors such as: China's economic growth data brings hope for the future. oil demand growth; Russia's oil production cut of 500,000 bpd in March; the risk that the US Federal Reserve (Fed) is likely to push the operating interest rate higher than expected to control inflation… these factors affect gasoline prices, but in general is increase.

The average price of finished petroleum products in the world between the price management period on March 1, 2023 and the operating period on March 13, 2023 is:

$96,361/barrel of RON92 gasoline used to prepare E5RON92 gasoline (an increase of $2,180/barrel, equivalent to an increase of 2.31% over the previous period)

100,253 USD/barrel of RON95 gasoline (up 2,324 USD/barrel, equivalent to 2.37% increase over the previous period)

104,331 USD/barrel of kerosene (up 1,821 USD/barrel, equivalent to 1.78% increase over the previous period)

103,145 USD/barrel of diesel (up 3,195 USD/barrel, equivalent to 3.20% increase over the previous period)

453,495 USD/ton of fuel oil 180CST 3.5S (up 29,003 USD/ton, equivalent to 6.83% increase over the previous period).