Gasoline prices dropped sharply, 600 VND/liter cheaper than the previous adjustment

From 3:00 p.m. on November 7, 2023, prices of gasoline and oil products will have different price adjustments depending on the type of product.

According to the Ministry of Industry, Trade and Finance, in this adjustment period, each liter of E5 Ron 92 gasoline decreased by 500 VND, while Ron 95 had a decrease of 670 VND. Diesel and kerosene products are also regulated differently, specifically:

  • Ron 95 gasoline is reduced by 670 VND/liter, the selling price is not higher than 22,320 VND/liter
  • E5 Ron 92 gasoline reduced by 500 VND/liter, selling price no more than 21,290 VND/liter
  • Diesel reduced by 470 VND/liter, selling price no higher than 19,720 VND/liter
  • Kerosene reduced by 190 VND/liter, selling price no higher than 20,920 VND/liter
  • Fuel oil reduced by 200 VND/liter, selling price no higher than 15,520 VND/kg

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This is the 6th consecutive time, the inter-ministries continue to not make provisions for the Petroleum Price Stabilization Fund and stop spending from this fund on gasoline and oil products. Since the beginning of the year until now, gasoline prices have undergone 34 adjustments, including 17 increases, 13 decreases and 4 times remaining unchanged.

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