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Can gasoline costs proceed to plummet to 22,000 VND?

Thursday, August 18, 2022 14:31

If the world oil value continues to fall sharply, the home gasoline value could fall to 22,000 VND/liter.

In keeping with the newest up to date knowledge from Buying and selling Economics web page on August 17 (Vietnam time), the world crude oil value continued to plunge. Particularly, the US benchmark WTI oil value dropped to 86.7 USD/barrel whereas the usual Brent oil value additionally dropped to 92.5 USD/barrel.

In the meantime, up to date knowledge from the Ministry of Business and Commerce exhibits that retail gasoline costs within the Singapore market proceed to lower in comparison with earlier than the worth adjustment date on August 11. Particularly, the worth of RON92 gasoline is 107.64 USD/barrel, RON95 gasoline is 111.58 USD/barrel, kerosene is 127.07 USD/barrel, diesel is 128.74 USD/barrel and gas oil is 520.84 USD/barrel. ton.

Speak to PV VTC Informationa consultant of a number one petroleum enterprise mentioned that the world oil value is presently falling sharply due to the strain of the US financial recession and the slowdown of the Chinese language financial system – the importing nation. largest crude oil on the planet.

Accordingly, if the world oil value continues to fall, the home gasoline value will certainly additionally drop. Nevertheless, how a lot the discount is dependent upon the world oil value and the Value Stabilization Fund (BOG) of the working company.


It’s recognized that the worth of imported gasoline is now all the way down to 111 USD/barrel, equal to the worth in mid-February. At the moment, the home gasoline value was at 25,320 dong/liter. If excluding the environmental safety tax of three,300 VND, the worth of gasoline is about 22,000 VND/liter.

Speak to PV on-line information, The chief of a key enterprise in Ho Chi Minh Metropolis mentioned that the world gasoline value has elevated and decreased erratically lately, so it’s tough to foretell whether or not the home gasoline value will improve or lower. If the worth of completed petroleum merchandise in Singapore continues to chill down within the coming days, the subsequent adjustment will proceed to cut back home gasoline costs.

Beforehand, on August 11, the Ministry of Business and Commerce – Finance determined to regulate retail gasoline costs each 10 days.

In the course of the working interval on August 11, the worth of E5 RON 92 gasoline decreased by 900 VND with the utmost retail value of E5 RON 92 gasoline at 23,720 VND / liter, the worth of RON 95 gasoline was adjusted down by 940 VND / liter with the worth. The utmost retail value with E5 RON 92 gasoline is VND 24,660.

The promoting value of oil additionally fell sharply on this working interval, the worth of diesel oil decreased by 1,000 dong per liter, to 22,900 dong. Kerosene additionally decreased by 1,210 VND, to 23,320 VND per liter. Significantly for mazut oil, the promoting value stays the identical, VND 16,540 per kg as 10 days in the past.​

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