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Why does 95 RON gasoline price increase ? (11/01)

The Ministry of Industry and Trade has just sent a report to Deputy Prime Minister Vuong Dinh Hue, also Head of the Steering Committee on prices of RON 95 gasoline and the announcement of the base price of 95 RON gasoline.

For 95 RON, the gasoline price of the world increases leading to the difference in market price between two periods of about VND 810/ liter. However, because RON 95 gasoline is not subject to calculate and publish basic prices, the Ministry of Finance decided not to use the price stabilization fund for this item. The price of RON 95 gasoline traded by enterprises increased by VND 810 / liter, equal to the price difference between the two periods, in line with the increase in the world.

The Ministry of Industry and Trade said that it is monitoring the consumption of two types of gasoline E5 and RON 95 then will synthesize, evaluate and coordinate the Ministry of Finance to report to the Deputy Prime Minister, including the calculation, announcement of the base price of 95 RON gasoline.

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