Specifically, the price of E5 RON92 gasoline increased by 710 VND/liter, not exceeding 19,760 VND/liter. RON95 gasoline rose by 762 VND/liter, capping at 20,488 VND/liter. Diesel saw a hike of 1,318 VND/liter, reaching a maximum of 19,203 VND/liter. Kerosene climbed by 1,156 VND/liter, topping at 19,271 VND/liter, while mazut oil increased by 541 VND/kg, not surpassing 14,639 VND/kg.
Fuel prices surge across the board starting at 3 PM today. (Illustrative image: Minh Đức)
The regulatory body continues to neither allocate nor utilize the price stabilization fund for any fuel products.
During this pricing adjustment period (October 23–29), the global oil market was influenced by key factors such as: U.S. sanctions on Russia’s two largest oil companies; renewed trade negotiations between the U.S. and India and China; OPEC+’s anticipated slight increase in oil production for December; and the ongoing military conflict between Russia and Ukraine, targeting each other’s energy infrastructure.
These factors have driven a sharp rise in global oil prices over recent days.
The average global prices of refined oil products between the October 23 and October 30 pricing cycles were: $79.326/barrel for RON92 gasoline used in E5RON92 blends (up $3.951/barrel); $82.158/barrel for RON95 gasoline (up $3.955/barrel); $90.928/barrel for kerosene (up $6.573/barrel); $90.942/barrel for diesel (up $7.459/barrel); and $387.642/ton for mazut oil (up $19.084/ton).
In the previous adjustment on October 23, E5 RON92 gasoline decreased by 170 VND/liter to 19,050 VND/liter, while RON95 gasoline dropped by 180 VND/liter to 19,720 VND/liter. Diesel fell by 540 VND/liter to 17,880 VND/liter, kerosene by 290 VND/liter to 18,110 VND/liter, and mazut oil by 280 VND/kg to 14,090 VND/kg.
Since the beginning of the year, RON95 gasoline has increased 25 times and decreased 20 times. Diesel has seen 23 increases, 21 decreases, and 1 instance of no change.
Fuel Prices Plummet: Diesel Drops by 538 VND per Liter
At 3:00 PM on October 23rd, the Ministries of Industry and Trade, and Finance jointly announced a reduction in the prices of petroleum products.
Fuel Prices Surge: Gasoline Rises, Oil Falls
As of 3 PM today (October 16th), gasoline prices have seen a slight increase of 88-174 VND per liter, pushing RON 95 fuel to nearly 20,000 VND per liter. Meanwhile, oil prices have experienced a decrease.
Fuel Shortage Crisis in Thai Nguyen: Residents Line Up with Plastic Cans to Buy Gasoline for Generators
Despite the floodwaters receding, many residents in Thai Nguyen remain without electricity, forcing them to purchase gasoline and use generators to clean their homes. The high demand has led to long lines at gas stations as people wait to secure fuel.
Fuel Prices Plummet: RON 95 Gasoline Drops Below 20,000 VND per Liter
At 3:00 PM today, October 9th, the Ministries of Industry and Trade and Finance jointly announced a significant reduction in fuel prices, ranging from 434 to 562 VND per liter/kg.
E5 RON92 Gasoline Price Rises by 6 Dong per Liter
At 3:00 PM on October 2nd, the Ministries of Industry and Trade and Finance jointly announced an increase in fuel prices, ranging from 6 to 380 VND per liter or kilogram, depending on the specific fuel type.
