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On August 22, the home gasoline worth continued to lower for the sixth time in a row?

Saturday, August 20, 2022 15:25

As a result of steady decline in world crude oil costs, home gasoline costs may even drop sharply.

In accordance with the most recent data, within the morning session of August 20, crude oil costs on the planet continued to say no sharply when leaving the extent of 100 USD/barrel. Particularly, WTI oil is 90 USD/barrel, Brent oil is 96 USD and OPEC oil is 98 USD.

In accordance with consultants, crude oil costs fell sharply as a result of sturdy US greenback and financial considerations that may weaken crude oil demand. The financial slowdown means much less oil demand, inflicting oil costs to drop regardless of tight provide.

In addition to, the US is increasing its shale oil manufacturing capability, which continues to place stress on oil costs.

On August 22, the home gasoline worth continued to lower for the sixth time in a row?

Furthermore, the most recent information from the Ministry of Trade and Commerce reveals that, on August 20, the value of A95 gasoline imported from Singapore nonetheless maintained a low degree of 108 USD/barrel. This is similar worth as on February 10, when the home gasoline worth was VND 24,360/liter.

With this worth, for those who deduct the environmental safety tax of three,300 VND, the gasoline worth has dropped to 21,000 VND. This will trigger the home gasoline worth within the subsequent working interval to proceed to lower for the sixth time in a row.

Nonetheless, how a lot gasoline worth adjustment is dependent upon the value stabilization fund (BOG) of the working company.

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

The promoting worth of oil additionally fell sharply on this working interval, the value 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 worth stays the identical, VND 16,540 per kg as 10 days in the past.

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