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Petrol costs right now on March 4: Immediately “turning round” after simply turning down

Gasoline costs right now on the earth

Within the morning session of March 4, in line with Vietnam time, on the New York Mercantile Trade, the value of WTI gentle candy crude for March supply stood at $110.55/barrel, up $2.88/barrel. in session.

In the meantime, the value of Brent oil delivered in Might 2022 stood at 113.10 USD/barrel, up 2.64 USD/barrel throughout the session.

It may be seen that the world oil value elevated sharply right now when considerations about provide scarcity had been being reported much more because of difficulties in transportation and fee of Russian oil contracts, making buyers Merchants have to consider in search of different sources of provide.

If the Russian-Ukrainian battle doesn’t finish and US and Western sanctions proceed to be imposed on Russia, the scenario of crude oil provide out there is not going to enhance.


In one other improvement, though crude oil costs remained excessive, affecting the outlook for international financial progress, OPEC + nonetheless determined to take care of an output enhance of 400,000 barrels per day in April.

As well as, consumption demand is recovering strongly when nations take away blockade measures and reopen their economies, inflicting oil costs to be strongly boosted right now.

Petrol value right now within the nation

Gasoline value right now

On the afternoon of March 1, the Ministry of Finance – Business and Commerce determined to regulate the retail value of petrol and oil in line with a brand new cycle each 10 days.

On this adjustment interval, the value of RON 95 gasoline was adjusted to extend by 960 VND/liter with a most retail value of 26,280 VND/liter, E5 RON 92 gasoline elevated by 960 VND/liter with a retail value of 25,530 VND/liter. .

Petrol costs right now on March 4: Immediately “turning round” after simply turning down

Oil value right now

Along with gasoline, right now’s oil value was additionally adjusted sharply. Particularly, the value of diesel oil elevated by 940 VND/liter, kerosene elevated by 750 VND/liter and gas oil elevated by 280 VND/kg with the retail value of diesel oil at 20,800 VND/liter and kerosene at 19,500 VND/liter; gas oil 17,930 VND/kg.​

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