According to key businesses, the price of gasoline may increase by 600-1,000 VND, exceeding 32,000 VND per liter in the operating period on June 13 if managers do not use the Fund.
According to regulations, the next petrol price management period is on June 11, but because it coincides with a holiday, it will be moved to tomorrow.
Data from the Ministry of Industry and Trade shows that the average gasoline price on the Singapore market was updated to June 7 with RON 92 being 147.8 USD per barrel, and RON 95 being 153.62 USD per barrel, a sharp increase compared to the previous month. previous cycle.
Answer VnExpress, The leader of a petrol and oil hub in Ho Chi Minh City, said that in the past week, there was a time when gasoline prices reached a 13-week high. Specifically, the US price of Brent and WTI crude oil daily increased by nearly 3% to over $122 a barrel. In particular, the International Energy Agency (IEA) warned that Europe is likely to face an energy shortage next winter, causing product prices to escalate. Therefore, in this operating period, domestic gasoline and oil prices continue to rise.
“According to the average price of imported goods without using the Fund, the price of gasoline will increase by 600-1,000, while oil will increase by 1,000-1,500 dong,” said a leader of Ho Chi Minh City’s petroleum hub.
On the contrary, if the management agency uses the Fund, the price of gasoline will increase around the 400-600 mark, and the oil price around 700 VND per liter.
Sharing the same opinion, the leader of the Hanoi petrol and oil hub said that this period, the price of gasoline will exceed the mark of VND 32,000 per liter, even if the operating agency has deducted or used the stabilization fund. With the price of oil, this commodity will also increase to a record high because the price of diesel imports sometimes reaches 170 USD a barrel.
In the world market, after a series of 3 consecutive increasing sessions, the price of this product cooled down slightly. However, according to forecasts of OPEC members (Organization of the Petroleum Exporting Countries), oil prices will still set new records. The reason is that demand in China is about to recover, further scaring the already shaky global oil market. In particular, Russia poured troops into Ukraine, while this country and Western countries introduced a series of sanctions against Moscow, making oil supply more difficult.
On June 2, OPEC + (including Russia) agreed to increase supply by 648,000 barrels a day in July and August. This increase is 200,000 barrels a day higher than the old plan. According to analysts, the increase was only 0.4% of global demand in July and August. Plus, over the past few months, this group has been unable to meet its output target.
In the domestic market, operating period 1/6 per liter of gasoline E5 RON 92 increased by 600 dong, RON 95 increased by 920 dong and oil products increased by 310-940 dong per liter.
After adjusting RON 95 at 31,570 dong, E5 RON 92 up 30,230 dong per liter. And kerosene is 25,340 VND per liter, diesel oil is 26,390 VND per liter.