On the afternoon of May 22, 2025, the Ministries of Industry and Trade and Finance announced adjustments to the selling 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 exceeding 19,122 VND/liter (decreased by 58 VND/liter compared to the current base price) and 410 VND/liter lower than RON95 gasoline.
RON95 gasoline: not exceeding 19,532 VND/liter (decreased by 62 VND/liter compared to the current base price).
0.05S diesel oil: not exceeding 17,405 VND/liter (increased by 177 VND/liter compared to the current base price).
Kerosene: not exceeding 17,314 VND/liter (increased by 88 VND/liter compared to the current base price).
180CST 3.5S fuel oil: not exceeding 16,512 VND/kg (increased by 352 VND/kg compared to the current base price).
Regarding the reason for the mixed increase and decrease in gasoline and oil prices, the Ministries explained that the world gasoline and oil market during this price adjustment period (from May 15 to May 21, 2025) was influenced by various factors, including: Increased tension in the Middle East; rising crude oil inventories in the US; updates on US tax policies towards trading partners; and the ongoing military conflict between Russia and Ukraine. These factors caused fluctuations in world gasoline and oil prices over the past few days, with prices rising and falling depending on the product.
Specifically, the average price of world gasoline and oil products between the price adjustment period on May 15, 2025, and May 22, 2025, was as follows: 75,222 USD/barrel for RON92 gasoline, which is used to blend E5 RON92 gasoline (decreased by 0.271 USD/barrel, equivalent to a 0.36% decrease); 76,726 USD/barrel for RON95 gasoline (decreased by 0.267 USD/barrel, equivalent to a 0.35% decrease); 78,916 USD/barrel for kerosene (increased by 0.536 USD/barrel, equivalent to a 0.68% increase); 80,148 USD/barrel for 0.05S diesel oil (increased by 1.035 USD/barrel, equivalent to a 1.31% increase); and 439.476 USD/ton for 180CST 3.5S fuel oil (increased by 12.493 USD/ton, equivalent to a 2.93% increase)
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 scheme to ensure that domestic gasoline and oil price changes are consistent with world price movements. The Ministries also aim to maintain a reasonable price difference between bio-fuel E5 RON92 and RON95 gasoline to encourage the use of bio-fuels in line with the government’s policy, and to balance the interests of all market participants.
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