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Petrol price

Domestic petrol prices fell sharply on lower global oil prices

Domestic petrol prices fell sharply on lower global oil prices

The new prices took effect at 3pm on November 5, bringing E5 RON 92 to a maximum of VNĐ20,898 per litre and E10 RON 95-III to VNĐ21,156 per litre.
Việt Nam sharply cuts petrol prices, except mazut

Việt Nam sharply cuts petrol prices, except mazut

Following the fresh adjustment, E5RON92 gasoline is now sold at VNĐ23,203 (US$0.89) per liter, down VNĐ1,020 per liter from the previous adjustment, and VNĐ28 per liter below E10RON95-III, which is set at VNĐ23,231 per liter.
VINPA chairman proposes centralised management of petrol price stabilisation fund

VINPA chairman proposes centralised management of petrol price stabilisation fund

Under the current mechanism, 33 major petroleum traders manage the fund through bank accounts, with contribution and disbursement levels determined by the authorities at each price adjustment cycle.
Petrol prices cut from 15:00 on Thursday

Petrol prices cut from 15:00 on Thursday

In this price adjustment, the ministries allocated VNĐ300 per litre of biofuel to the petrol price stabilisation fund, while making no withdrawals from the fund to support prices.
Different stations may sell petrol at different prices under a draft decree

Different stations may sell petrol at different prices under a draft decree

The draft is being developed with aims to streamline the supply chain to improve transparency and efficiency, give businesses greater authority to set prices and moving the fuel market towards a market-based mechanism, and to accelerate digital transformation and data-based...
Việt Nam extends preferential fuel taxes through the end of 2026

Việt Nam extends preferential fuel taxes through the end of 2026

The Finance Ministry said extending the tax measures would help ensure energy security, stabilise the economy and support production amid volatile fuel prices and Middle East tensions.
Petrol price stabilisation fund proposed to be transferred to the Ministry of Finance

Petrol price stabilisation fund proposed to be transferred to the Ministry of Finance

Active fuel wholesalers would have to determine their fund balances as of the day before the decree takes effect and transfer all positive balances to the Ministry of Finance’s account.
Petrol price rises put pressure on inflation, production costs

Petrol price rises put pressure on inflation, production costs

Fuel prices have risen in four consecutive adjustments for petrol and three for diesel, adding to costs for businesses ranging from livestock producers to transport operators.
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.
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.
Govt proposes halving fuel taxes to ease price pressure

Gov't proposes halving fuel taxes to ease price pressure

Under a draft resolution of the National Assembly’s Standing Committee, the taxes on gasoline (excluding ethanol-blended fuel) and diesel are proposed to be halved to VNĐ1,000 and VNĐ500 per litre, respectively. The tax on jet fuel is proposed to be...
Fuel prices slashed as stabilisation fund deployed

Fuel prices slashed as stabilisation fund deployed

The price of RON95-III petrol – the most widely used grade – fell by VNĐ3,880 to VNĐ25,240 (US$0.95) per litre.