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Gasoline costs at this time on August 31: Turning up strongly

Wednesday, August 31, 2022 09:08

Within the newest buying and selling session, the home gasoline worth remained unchanged ready for a brand new adjustment whereas the world crude oil worth continued to extend sharply.

Gasoline costs at this time on the planet

Within the buying and selling session on August 31, in response to Vietnam time, Vietnam time, on the New York Mercantile Alternate, the worth of WTI mild candy crude oil delivered in September 2022 stood at $92.18/barrel, up 0. 54 USD/barrel in session. In comparison with the identical time on August 30, the worth of WTI oil delivered in October 2022 has decreased by 4.63 USD/barrel.

Brent oil worth for October supply stood at 99.71 USD/barrel, up 0.40 USD/barrel throughout the session however fell by 5.16 USD in comparison with the identical time on 30/8.


It may be seen that oil costs elevated at this time because of issues that provide can be tighter earlier than the potential for provide disruptions from Libya, Russia and the potential for OPEC + lowering output.

Moreover, the joy of traders when the US financial system continued to report many optimistic information and consultants predicted that the Fed wouldn’t be too robust in making a brand new rate of interest hike. Collectively, the worth of oil rose sharply at this time.

Petrol worth at this time within the nation

Gasoline worth at this time

On the afternoon of August 22, the Ministry of Business and Commerce – Finance determined to regulate retail gasoline costs each 10 days.

Throughout the working interval on August 22, the gasoline worth was adjusted to maintain the identical worth because the adjustment on August 11. Particularly, the worth of gasoline RON 95-III and E5 RON 92 remained unchanged at 24,660 VND and 23,720 VND/liter, respectively.

Oil worth at this time

Though the worth of gasoline on this working interval remained unchanged, the promoting worth of oil merchandise was adjusted sharply. Accordingly, the worth of diesel oil elevated by 850 VND per liter to 23,750 VND. Kerosene additionally elevated by 730 VND, to 24,050 VND per liter. Notably for mazut oil, the promoting worth stays the identical, VND 16,540 per kg as 10 days in the past.

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