On the afternoon of June 12, 2025, the Ministry of Industry and Trade announced adjustments to the selling prices of gasoline and oil products.
In this price adjustment, the Ministry 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 VND 19,462/liter (increased by VND 199/liter compared to the current base price) and VND 505/liter lower than RON95-III gasoline;
RON95-III gasoline: not exceeding VND 19,967/liter (increased by VND 269/liter compared to the current base price);
0.05S diesel oil: not exceeding VND 17,700/liter (increased by VND 280/liter compared to the current base price);
Kerosene: not exceeding VND 17,511/liter (increased by VND 227/liter compared to the current base price);
Mazut 180CST 3.5S: not exceeding VND 16,461/kg (increased by VND 283/kg compared to the current base price).
Regarding the reason for the gasoline and oil price increase, the Ministry stated that the world gasoline and oil market during this price adjustment period (from June 5, 2025, to June 11, 2025) was mainly affected by the following factors: escalating tensions between the US and Iran (an OPEC member) in nuclear negotiations; declining US crude oil inventories; updates on US tax policies towards trading partners; and the ongoing military conflict between Russia and Ukraine. As a result, world gasoline and oil prices tended to increase during the past few days.
Specifically, the average price of world gasoline and oil products between the price adjustment period on June 5, 2025, and June 12, 2025, was as follows: $76.748/barrel for RON92 gasoline (an increase of $1.078/barrel, or 1.42%); $78.664/barrel for RON95 gasoline (an increase of $1.358/barrel, or 1.76%); $79.740/barrel for kerosene (an increase of $1.270/barrel, or 1.62%); $81.506/barrel for 0.05S diesel oil (an increase of $1.558/barrel, or 1.95%); and $436.152/ton for 180CST 3.5S mazut (an increase of $9.814/ton, or 2.30%).
In this price adjustment, given the fluctuations in world gasoline and oil prices, exchange rate movements, and current regulations, the Ministry of Industry and Trade and the Ministry of Finance decided on a price adjustment plan to ensure that domestic gasoline and oil price changes are consistent with world price movements. The plan also maintains a reasonable price difference between bio-fuel E5RON92 and RON95 to encourage the use of bio-fuel following the government’s policy, and to balance the interests of all market participants.
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