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petrol

Fuel prices fall for third straight week

Fuel prices fall for third straight week

Fuel prices fell for a third straight week, keeping retail rates in Việt Nam below those in neighbouring countries.
E10 biofuel rolled out nationwide

E10 biofuel rolled out nationwide

According to Circular 50/2025/TT-BCT of the Ministry of Industry and Trade, from June 1, all unleaded gasoline circulating in the market must be blended with ethanol to become E10 biofuel before being sold.
Most current vehicle models are compatible with E10 biofuel gasoline: manufacturers

Most current vehicle models are compatible with E10 biofuel gasoline: manufacturers

Việt Nam’s automobile and motorcycle manufacturers said most current vehicle models are compatible with E10 biofuel gasoline but warning that some older vehicles may face operational issues, the Ministry of Industry and Trade has reported.
Hà Nội enhances inspection to ensure smooth E10 biofuel rollout

Hà Nội enhances inspection to ensure smooth E10 biofuel rollout

The inspections are aimed at preventing speculation and fraud during the transition to E10 biofuel – a low-level blend composed of 10 per cent ethanol and 90 per cent gasoline.
BSR to supply 100,000 cu.m of E10 petrol monthly

BSR to supply 100,000 cu.m of E10 petrol monthly

Dung Quất Refinery, run by BSR, is currently operating at optimal capacity to produce petroleum products, including RON95 petrol blended with fuel ethanol to E10RON95 products for customers.
Ethanol imports to reach 1 billion in first phase of E10 biofuel rollout

Ethanol imports to reach $1 billion in first phase of E10 biofuel rollout

The Ministry of Industry and Trade (MoIT) estimated when the rollout takes effect, ethanol demand will be approximately 92,000-100,000cu.m per month.
Ministry proposes pricing mechanism, tax incentives to make E10 more attractive than fossil fuel

Ministry proposes pricing mechanism, tax incentives to make E10 more attractive than fossil fuel

The Ministry of Industry and Trade has proposed new pricing mechanisms and tax incentives for E10 biofuel ahead of a June 1 nationwide rollout to boost uptake and competitiveness against fossil fuels.
Biofuel ready for nationwide rollout

Biofuel ready for nationwide rollout

From May 15, E10 biofuel will be available at nearly 1,000 PVOIL filling stations nationwide, around two weeks ahead of the national rollout schedule.
Import duty cuts to 0% for certain fuel products extended until June 30

Import duty cuts to 0% for certain fuel products extended until June 30

Under Resolution No. 25/2026/NQ-CP, the application period of Decree No. 72/2026/NĐ-CP, which lowers preferential import duty rates on ed fuel products and raw materials to 0%, is extended until the end of June 30 this year.
Govt will not manage kerosene prices from April 29

Gov’t will not manage kerosene prices from April 29

Việt Nam will stop regulating kerosene prices from April 29, allowing businesses to set retail prices based on market conditions under a new decree issued by the Ministry of Industry and Trade on Tuesday.
Dung Quất biofuel plant set for full-capacity operations in April

Dung Quất biofuel plant set for full-capacity operations in April

The Dung Quất Biofuel Plant is accelerating production and is expected to reach full capacity around mid-April, supplying ethanol for nationwide E10RON95 biofuel blending.
National Assembly passes zero fuel tax measures until end-June

National Assembly passes zero fuel tax measures until end-June

Lawmakers approved sweeping fuel tax cuts to zero until end-June, aiming to cushion global price volatility and ease domestic cost pressures.
Refineries directed to operate at maximum output

Refineries directed to operate at maximum output

The Bình Sơn Refining and Petrochemical Joint Stock Company, and the Nghi Sơn Refining and Petrochemical Company Limited need to optimise operations under technically feasible conditions to contribute to increasing the supply of petroleum products to the domestic market amidst...
Kerosene temporarily excluded from fuel base pricing

Kerosene temporarily excluded from fuel base pricing

The Ministry of Industry and Trade has temporarily suspended the use of kerosene in the calculation of fuel base price until April 28, according to the ministry’s Decision 571 dated March 28.
Việt Nam proposes extending fuel tax cuts to the end of June

Việt Nam proposes extending fuel tax cuts to the end of June

The Ministry of Finance has proposed extending tax cuts on gasoline, diesel and jet fuel until June 30, 2026, in a bid to stabilise domestic fuel prices and support economic growth amid global market volatility.