Vietnam gasoline prices down after two hikes
Gasoline prices in Vietnam dropped VND340-390 (1.6 U.S cents) per liter and oil products by VND620-1,060 (4.3 U.S cents) per kilogram or liter, starting at 3 p.m. Monday.
The fall in prices came after two increases in consecutive weeks on October 23 and November 1.
A gasoline station employer refills a motobike. Photo courtesy of the government's news portal.
The latest price adjustments were made jointly by the Ministry of Industry and Trade and the Ministry of Finance.
The price of RON 95-III gasoline went down VND390 per liter to VND23,530 ($0.97); and that of E5 RON 92 by VND340 per liter to VND22,270 ($0.91).
Diesel and kerosene prices fell VND1,060 and VND790 to VND20,880 ($0.86) and VND21,510 ($0.88) per liter respectively, while that of mazut dropped VND620 to VND15,620 ($0.64) per kilogram.
For the latest price adjustments, the ministries continued to not deduct prices of different types of gasoline and oil for the national gasoline price stabilization fund and refrain from using the fund.
Since the beginning of the year, domestic fuel prices have seen 32 adjustments – 18 upward, 10 downward and four unchanged.
According to the two ministries, prices in the world petroleum market in the past 13 days have seen “mixed developments” due to oil supply reductions by Russia and Saudi Arabia, U.S. dollar appreciation, and the conflict in the Middle East.
The average price of RON 92 declined 2.5% to $93.78 per barrel; and that of RON 95 was down 1.6% to $99.2 per barrel. The prices of diesel and kerosene also fell by 3.6-5% to $105.29 to $107.75 per barrel, respectively.
- Related News
- Read More
Chinese firm Livzon spends over $219 mln to acquire 64.8% stake in Vietnam's Imexpharm
A major acquisition of shares in Vietnamese pharma firm Imexpharm is expected to strengthen Livzon Pharmaceutical Group’s international expansion strategy and support its entry into foreign markets.
Companies - Mon, May 26, 2025 | 5:54 pm GMT+7
Vietnam, France exchange cooperation documents on transportation, nuclear power, vaccine
Vietnamese President Luong Cuong and French President Emmanuel Macron on Monday witnessed the exchange of many cooperation documents between the two countries.
Economy - Mon, May 26, 2025 | 4:45 pm GMT+7
VCCI proposes not to exempt goods imported via e-commerce
The Vietnam Chamber of Commerce and Industry (VCCI) has proposed the government implement a comprehensive import tax policy that eliminates exemptions or reductions for goods imported through e-commerce channels.
Economy - Mon, May 26, 2025 | 2:22 pm GMT+7
Bidding process underway for Ca Na LNG-fueled power project in central Vietnam
Companies will submit bids for the Ca Na LNG-to-power project in south-central Vietnam's Ninh Thuan province until June 30, 2025.
Energy - Mon, May 26, 2025 | 12:56 pm GMT+7
Vietnam's top private firm Vingroup proposes $4.5 bln wind power project in HCMC
Vingroup, a leading Vietnamese property developer and carmaker, has proposed to invest in a nearshore wind power project worth $4.5 billion in Can Gio, the only coastal district in Ho Chi Minh City.
Energy - Mon, May 26, 2025 | 8:58 am GMT+7
Vietnam's galvanized steel major Ton Dong A seeks HCMC bourse listing after 2 years of missing out
Profits of Ton Dong A Corporation, a major manufacturer of galvanized steel sheets in Vietnam, have been affected by the declines in overseas market demand due to stricter trade policies.
Companies - Sun, May 25, 2025 | 4:24 pm GMT+7
Vietnam's coffee chain Every Half raised $3 mln in pre-series A funding round
Every Half Coffee Roasters has raised $3 million in its pre-series A funding round, with continued investment from Openspace Ventures and DSG Consumer Partners - two funds that have supported the company since the beginning.
Finance - Sun, May 25, 2025 | 11:32 am GMT+7
Steel giant Hoa Phat to develop $162 mln industrial park in central Vietnam
Hoa Tam Industrial Park Infrastructure Development JSC, a subsidiary of Vietnam’s major steelmaker Hoa Phat Group, will develop the Hoa Tam Industrial Park (IP) first phase in the central province of Phu Yen province, with an investment of nearly VND4.2 trillion ($161.82 million).
Real Estate - Sun, May 25, 2025 | 10:19 am GMT+7
Vietnam’s leading retailer Mobile World posts 13% revenue growth in Jan-Apr
Vietnamese retail giant Mobile World Investment Corp (HoSE: MWG) reported a 13% year-on-year rise in revenue to VND48.6 trillion ($1.77 billion) in the first four months of this year, reaching 32% of its full-year target.
Companies - Sun, May 25, 2025 | 8:00 am GMT+7
Samsung Vietnam seeks VAT refund for HCMC subsidiary
Samsung Vietnam CEO Na Ki-hong brought up the issue of value-added tax (VAT) refunds for Samsung Electronics HCMC CE Complex (SEHC) in Ho Chi Minh City at his working session with Minister of Finance Nguyen Van Thang on Thursday.
Companies - Sat, May 24, 2025 | 2:48 pm GMT+7
Hundreds of wind, solar power investors petition Vietnam authorities to uphold feed-in tariffs
Investors and financial institutions related to 173 wind and solar power projects in Vietnam have called on the government to maintain the feed-in tariffs (FIT) and commercial operation dates (COD) previously recognized.
Energy - Sat, May 24, 2025 | 12:30 pm GMT+7
Why Vietnam struggles to attract private aviation investment
Vietnam’s aviation sector has grown rapidly, but its airport infrastructure struggles to keep up with rising demand, posing challenges for expansion and efficiency, writes Dr Chu Thanh Tuan, associate program manager of the Undergraduate Business Program at RMIT Vietnam.
Consulting - Sat, May 24, 2025 | 8:00 am GMT+7
Sun Group seeks support to accelerate 2 urban area projects in southern Vietnam
Sun Group, a leading real estate developer in Vietnam, on Thursday asked Binh Duong province authorities for more support to speed up its two major urban area projects.
Real Estate - Fri, May 23, 2025 | 11:16 pm GMT+7
Hyundai Life enters Vietnam’s consumer goods market
Hyundai Life, a subsidiary of South Korea's top-tier industrial brand Hyundai Corporation Holdings, has officially entered the Vietnamese market, launching three product lines: home appliances, lighting equipment, and smart door locks.
Companies - Fri, May 23, 2025 | 10:44 pm GMT+7
China’s C&D Group plans $2 bln paper, pulp facility in central Vietnam
C&D Group of China, which ranks 85th on the Fortune Global 500, has proposed a $2 billion finished paper and pulp facility in Vietnam’s central province of Quang Binh.
Industries - Fri, May 23, 2025 | 4:50 pm GMT+7
Logistics, free trade zone projects proposed for My Thuy Port area in central Vietnam
My Thuy International Port Joint Venture Company (MTIP) has proposed studying several projects associated with its investment in My Thuy Port of Quang Tri province, central Vietnam.
Infrastructure - Fri, May 23, 2025 | 3:10 pm GMT+7
