The Ministries of Industry and Trade, and Finance have jointly decided to increase the price of RON 95 gasoline by 160 VND/liter, bringing it to 20,576 VND/liter. Similarly, E5 RON 92 gasoline has seen a rise of 162 VND/liter, now priced at 19,844 VND/liter.
Diesel prices have surged more significantly, with a 541 VND/liter increase to 19,864 VND/liter. Kerosene prices have also risen by 540 VND/liter, reaching 19,935 VND/liter. In contrast, mazut oil has decreased by 246 VND/kg, now at 14,074 VND/kg.
During this price adjustment period, the Ministries of Industry and Trade, and Finance have opted not to utilize the Price Stabilization Fund for petroleum products.
Gasoline prices rise from 3 PM today.
According to the Ministry of Industry and Trade, the global petroleum market during this adjustment period has been influenced by key factors such as: OPEC+ agreeing to slightly increase oil production in December and temporarily halting production increases in Q1/2026; U.S. sanctions on Russian oil; and the ongoing military conflict between Russia and Ukraine. These factors have led to fluctuating global petroleum prices, varying by product.
The average global price of petroleum products between the price adjustment periods of November 6 and November 13 was 79.8 USD/barrel for RON92 gasoline (up 0.8 USD/barrel) and 82.5 USD/barrel for RON95 gasoline (up 0.7 USD/barrel).
According to the General Department of Customs, Vietnam imported a substantial amount of petroleum products in the first 10 months of this year, primarily diesel and gasoline, with a significant increase in import value compared to the same period last year. Diesel imports totaled 4.92 million tons, accounting for 56% of total petroleum imports, while gasoline imports reached 1.78 million tons, making up 20%.
Key suppliers of petroleum products to Vietnam include South Korea, Singapore, Malaysia, and China, with notable increases from South Korea and Singapore.
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