Domestic petrol prices increased slightly while the price of diesel reduced from 15:00 on Thursday following the latest price adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
Việt Nam’s retail fuel prices were reduced for the second consecutive time from 3pm on May 8, under an urgent directive issued on the same day by the Ministry of Industry and Trade (MoIT).
As Thursday, May 1, 2025, coincides with the Labour Day holiday, the next price adjustment following the session on April 24 will be postponed to May 5, 2025.
The Standing Committee of the Government of Việt Nam has assigned the Ministry of Industry and Trade to thoroughly review and regulate the rights of fuel distributors to trade with one another in accordance with the law.
The retail prices of petrol were revised upward on November 28 afternoon following the latest adjustment by the Ministries of Industry and Trade and Finance.
The Vietnam Chamber of Commerce and Industry (VCCI) proposed that the Ministry of Finance, the drafting agency of the draft Law on Special Consumption Tax, should consider removing petrol from the list of products with a special consumption tax imposed...