On the afternoon of May 29, 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 mazut.
After the adjustment, the selling prices of popular gasoline and oil products in the market are as follows:
RON92 gasoline: not exceeding 19,196 VND/liter (up 74 VND/liter compared to the current base price) and 369 VND/liter lower than RON95 gasoline;
RON95 gasoline: not exceeding 19,565 VND/liter (up 33 VND/liter compared to the current base price);
0.05S diesel oil: not exceeding 17,136 VND/liter (down 269 VND/liter compared to the current base price);
Kerosene: not exceeding 17,108 VND/liter (down 206 VND/liter compared to the current base price);
Mazut 180CST 3.5S: not exceeding 16,264 VND/kg (down 248 VND/kg compared to the current base price).
Regarding the reason for the mixed price increase and decrease, the Ministries explained that the world gasoline and oil market during this price adjustment period (from May 22, 2025, to May 28, 2025) was influenced by various factors, including: OPEC+’s discussion on increasing oil production in July; tensions in the Middle East; rising fuel demand in the US; updated information on US tax policies toward 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 global average price of gasoline and oil products between the price adjustment period on May 22, 2025, and May 29, 2025, was as follows: 75.632 USD/barrel for RON92 gasoline (used to blend E5RON92 gasoline) – an increase of 0.410 USD/barrel or 0.55%; 76.898 USD/barrel for RON95 gasoline – an increase of 0.172 USD/barrel or 0.22%; 77.766 USD/barrel for kerosene – a decrease of 1.150 USD/barrel or 1.46%; 78.650 USD/barrel for 0.05S diesel oil – a decrease of 1.498 USD/barrel or 1.87%; and 430.884 USD/ton for 180CST 3.5S mazut – a decrease of 8.592 USD/ton or 1.96%.
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 E5RON92 and mineral RON95 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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