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Ministry of Industry and Trade announced the adjustment of petrol prices

Vantai24h - March 8, 1818, under the direction of Deputy Prime Minister Vuong Dinh Hue, Head of Price Steering Committee, March 8, Ministry of Industry and Commerce issued Official Letter No. 1757 / BCT-TTTN. The national petroleum trading on the management of petroleum business.

Accordingly, from 15 hours on March 8, the base price of E5 RON92 gasoline is 19,044 VND / liter (up from the previous adjustment of 104 VND / liter), 0.05S diesel is 15808 VND / liter (92% VND15,013 / liter (up VND348 / liter), 180CST3.5S oil is VND 12,580 / liter (up 52 VND / liter).

The reason for the price increase was stated by the Ministry of Industry and Commerce as the price of RON95 gasoline on the world market this week increased on average from $ 75.897 to $ 76.187 per barrel.

Petroleum sales station of the Military Petroleum Corporation. Photo: Hoang Hai

However, implement the guidance in Official Telegraph No. 240 / CĐ-TTg dated 21-2-2018 by the Prime Minister on urging the implementation of tasks after the Lunar New Year holiday in 2018, 2018 will not increase taxes, prices, fees for essential goods and services managed by the State.

To compensate for the difference caused by the increase in gasoline prices, the Ministry of Industry and Trade has asked traders to use the petrol price stabilization fund, specifically: Petrol E5 RON92 is VND 704 / liter; diesel is 92 VND / liter; The price of oil is 453 VND / liter; Crude oil is 52 VND / kg.

According to the calculation of the Ministry of Industry and Trade, the price of gasoline E5 RON92 will not be higher than VND18,340 per liter after making the deduction and spending on the petrol price stabilization fund. 0.05S is not higher than 15,716 VND / liter; Oil not higher than 14,560 VND / liter; 180CST 3.5S oil will not be higher than 12,528 VND / kg.

Thus, despite the adjustment of petrol prices, but due to the use of price stabilization fund, almost petrol prices of each item increased, decreased negligible. Typically, the price of gasoline and E5 RON92 gasoline price decreased by VND 600 / liter and oil price decreased by VND 100 / liter compared to the previous adjustment on February 21.



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