Vietnam’s Ministry of Industry and Trade and Ministry of Finance adjusted retail gasoline and oil prices on June 19th, 2025, as scheduled. There was an increase of VND 1,170 per liter for E5 RON 92 gasoline and VND 1,280 per liter for RON 95 gasoline. Following the adjustment, the maximum selling price for E5 RON 92 gasoline is VND 20,630 per liter, while RON 95 gasoline is priced at VND 21,240 per liter.
This marks the fourth consecutive price increase for RON 95 gasoline, with a total of 14 price hikes and 11 reductions since the beginning of the year. Similarly, the cost of diesel oil experienced a significant surge of VND 1,450 per liter, reaching VND 19,150 per liter. To date, there have been 13 price increases and 11 decreases for diesel.
For this adjustment, the two ministries decided to neither withdraw from nor contribute to the gasoline and oil price stabilization fund.
According to data from the Ministry of Finance, the fund’s balance at the end of the second quarter of 2024 was VND 6,061 billion, a decrease of only VND 18 billion from the previous quarter. However, compared to the end of 2023, the fund’s scale has shrunk by nearly VND 600 billion.
Nearly half of the balance is held by the Vietnam National Petroleum Group (Petrolimex), amounting to approximately VND 3,079 billion.
Prior to this adjustment, leaders of several gasoline and oil businesses predicted a potential sharp increase in prices due to the conflict between Israel and Iran. Currently, gasoline and oil discounts at many depots fluctuate around VND 0-50 per liter.
The Great Fuel Price Surge
The domestic gasoline and oil prices have surged significantly in the latest adjustment on June 19 compared to the previous period on June 12. Specifically, E5RON92 gasoline rose by VND 1,169 per liter, while RON95-III gasoline witnessed a hike of VND 1,277 per liter. Similarly, oil prices also increased, ranging from VND 1,182 to VND 1,456 per liter.
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