On the evening of May 8, 2025, the Ministries of Industry and Trade and Finance announced adjustments to the prices of gasoline and oil products.
In this price adjustment, the Ministries continued to not use the Price Stabilization Fund for RON92 gasoline, RON95 gasoline, 0.05S diesel oil, kerosene, and fuel oil.
After the adjustment, the selling prices of popular gasoline and oil products in the market are as follows:
RON92 gasoline: not more than VND 18,777/liter (down VND 377/liter compared to the previous period)
RON95-III gasoline: not higher than VND 19,179/liter (down VND 407/liter compared to the previous period)
0.05S diesel oil: not higher than VND 16,809/liter (down VND 550/liter compared to the previous period)
Kerosene: not higher than 16,941 VND/liter (down 623 VND/liter compared to the previous period)
180CST 3.5S fuel oil: not higher than VND 15,533/kg (down VND 665/kg compared to the previous period)
Regarding the reason for the gasoline and oil price reduction, the Ministries explained that the world gasoline and oil market during this price adjustment period (from May 5, 2025, to May 7, 2025) was influenced by factors such as increased tension in the Middle East, OPEC+’s accelerated increase in oil production, and the ongoing military conflict between Russia and Ukraine. These factors caused fluctuations in world gasoline and oil prices over the past few days, depending on the commodity.
Specifically, the average price of world gasoline and oil products between the price adjustment period on May 5, 2025, and May 8, 2025, was as follows: 73.280 USD/barrel of RON92 gasoline (down 1.965 USD/barrel, equivalent to a decrease of 2.61%); 74.863 USD/barrel of RON95 gasoline (down 1.985 USD/barrel, or 2.58%); 76.780 USD/barrel of kerosene (down 3.368 USD/barrel, or 4.20%); 76.770 USD/barrel of 0.05S diesel oil (down 2.950 USD/barrel, or 3.70%); and 405.157 USD/ton of 180CST 3.5S fuel oil (down 22.473 USD/ton, or 5.26%).
In this price adjustment, given the fluctuations in world gasoline and oil prices, exchange rate movements, and current regulations, the Ministries of Industry and Trade and Finance decided on a price adjustment plan to ensure that domestic gasoline and oil prices are suitable for the global market. The Ministries also aim to maintain a reasonable price difference between bio-fuel E5RON92 and RON95 gasoline to encourage the use of bio-fuels as per the government’s policy, and to balance the interests of all market participants.
“Fuel Prices Take a Significant Dip: RON 95 Nears 19,000 VND per Liter”
Today’s adjustment (May 8) sees gasoline prices drop by 380 to 410 VND per liter.
The Ever-Changing Landscape of Fuel Prices
The domestic gasoline and oil prices experienced a mixed bag of changes during the February 6 trading session. Specifically, E5RON92 gasoline increased by 51 VND per liter, while RON95-III gasoline decreased by 74 VND per liter. The prices of various types of oil also witnessed a decline, ranging from 25 VND per liter to 148 VND per kilogram when compared to the current base prices.
The Great Fuel Flip: Gasoline Discounts and Rising Oil Prices
After three consecutive hikes, fuel prices witnessed a mixed trend during the January 23rd revision. Specifically, gasoline prices saw a marginal decline, with E5RON92 recording a drop of 158 VND per liter and RON95-III falling by 78 VND per liter. Conversely, diesel prices surged, with various types of oil registering significant increases ranging from 404 VND per liter to 571 VND per kg/liter compared to the current base price.
The Rising Fuel Prices: “Gas Prices Surge Past 21,000 VND per Liter Starting 3 PM Today”
Today (January 9th), domestic gasoline prices rose by 270 to 380 VND per liter.
The Ever-Changing Landscape of Fuel Prices: A Tale of Rising and Falling Costs
Amidst global developments, domestic gasoline prices have witnessed a contrasting mix of adjustments. Specifically, E5RON92 gasoline experienced a surge of 24 VND per liter, while RON95-III gasoline witnessed a decrease of 294 VND per liter. The narrative continues with various types of oils, which saw reductions ranging from 325 VND per liter to 395 VND per liter. However, the price of 180CST 3.5S mazut oil remained unchanged compared to the previous adjustment period.
