On the afternoon of August 7, 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 VND 19,608 per liter (an increase of VND 207 per liter compared to the current base price) and VND 466 per liter lower than RON95-III gasoline;
RON95-III gasoline: not exceeding VND 20,074 per liter (an increase of VND 234 per liter compared to the current base price);
0.05S diesel oil: not exceeding VND 18,800 per liter (a decrease of VND 268 per liter compared to the current base price);
Kerosene: not exceeding VND 18,660 per liter (a decrease of VND 54 per liter compared to the current base price);
180CST 3.5S fuel oil: not exceeding VND 15,647 per kg (an increase of VND 114 per kg compared to the current base price).
Regarding the reason for the price adjustment, the Ministries stated that the world gasoline and oil market during this price adjustment period (from July 31, 2025, to August 6, 2025) was influenced by various factors, including: updates on US tax policies for imported goods from trading partners; OPEC+’s decision to increase oil production in September; the ongoing military conflict between Russia and Ukraine, etc. The above factors caused fluctuations in world gasoline and oil prices in recent 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 July 31, 2025, and August 7, 2025, was as follows: $78.508 per barrel of RON92 gasoline (an increase of $1.100 per barrel, or 1.42%); $80.198 per barrel of RON95 gasoline (an increase of $1.100 per barrel, or 1.39%); $87.616 per barrel of kerosene (a decrease of $0.426 per barrel, or 0.48%); $88.868 per barrel of 0.05S diesel oil (a decrease of $1.632 per barrel, or 1.80%); and $420.802 per ton of 180CST 3.5S fuel oil (an increase of $3.404 per ton, or 0.82%).
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 in line with world price movements. The plan also aims to maintain a reasonable price difference between bio-fuel E5RON92 and RON95 to encourage the use of bio-fuels in accordance with the government’s policy, and to balance the interests of all market participants.
The Rising Gasoline Price: A Concern for All
After two consecutive price drops, fuel prices rebounded on July 31st, with E5RON92 gasoline increasing by 122 VND per liter and RON95-III gasoline rising by 131 VND per liter. The prices of various oils also witnessed hikes ranging from 86 VND per liter to 154 VND per kg, except for 0.05S diesel, which saw a decrease of 61 VND compared to the current base price.
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.
The Big Fuel Sale: Slashing Prices Across the Board
On December 26, domestic gasoline and oil prices underwent significant reductions. Specifically, E5RON92 gasoline decreased by VND 427 per liter, while RON95-III gasoline dropped by VND 457 per liter. Similarly, various types of oil witnessed decreases ranging from VND 103 per liter to VND 260 per liter. However, 180CST 3.5S madut oil experienced a slight increase of VND 67 per kilogram.
