According to the inter-ministerial management decision, the price of E5 RON92 gasoline increased by 143 VND/liter to 18,376 VND/liter, while RON95-III gasoline rose by 152 VND/liter to 18,712 VND/liter.
Diesel oil 0.05S saw a hike of 226 VND/liter, reaching 17,287 VND/liter. Kerosene increased by 138 VND/liter to 17,697 VND/liter. In contrast, mazut 180CST 3.5S experienced a slight decrease of 2 VND/kg, settling at 13,401 VND/kg.
Notably, during this management period, the Inter-Ministry did not allocate or utilize the Price Stabilization Fund for any petroleum products.
The Ministry of Industry and Trade reported that the global petroleum market during this management period was influenced by key factors such as the unstable situation in Iran, escalating tensions between the U.S. and Iran, rising crude oil and gasoline inventories in the U.S., Venezuela’s resumption of crude oil exports, and the ongoing military conflict between Russia and Ukraine, focusing on each other’s energy infrastructure. These factors led to fluctuating prices in the global petroleum market over the past few days, varying across different products.
Gasoline prices rise again from this afternoon.
The average global price of petroleum products between the price management periods of January 8 and January 15 was 71.5 USD/barrel for RON92 gasoline (an increase of 0.7 USD/barrel) and 72.7 USD/barrel for RON95 gasoline (an increase of 0.6 USD/barrel).
According to the latest synthesis by the Ministry of Industry and Trade, as of the end of September 2025, the Price Stabilization Fund among head enterprises had a surplus of over 5,617 billion VND. Among these, the top 5 enterprises with the largest Price Stabilization Fund (BOG) balances are: Vietnam National Petroleum Group (Petrolimex), Dong Thap Petroleum Trading Joint Stock Company, Ho Chi Minh City Petroleum One Member Limited Liability Company, Thanh Le Import-Export Trading Corporation, and the One Member Limited Liability Company – Military Petroleum Corporation.
Specifically, Petrolimex leads with a closing balance of over 3,085.9 billion VND; Dong Thap Petroleum Trading Joint Stock Company ranks second with a balance of over 461.5 billion VND; followed by Ho Chi Minh City Petroleum One Member Limited Liability Company with a balance of 328.9 billion VND; Thanh Le Import-Export Trading Corporation with a balance of 391.4 billion VND; and the One Member Limited Liability Company – Military Petroleum Corporation with a balance of 300.6 billion VND.
Fuel Prices Drop for the Fifth Consecutive Time
The Ministries of Industry and Trade, and Finance have jointly adjusted the retail prices of petroleum products, effective from 3 PM on January 8th. This adjustment continues the trend of reducing prices for domestic petroleum products.
Who Are Vietnam’s Top Buyers of Petroleum Products?
As a leading Asian nation, this country stands as Vietnam’s largest customer, driving significant trade and economic growth between the two nations.
Fuel Prices Plummet: RON95 Drops to Nearly 19,000 VND per Liter
Starting at 3 PM today, December 25th, fuel prices across the board are dropping. E5 RON92 gasoline has fallen below 19,000 VND per liter, while RON95 is now hovering just above that mark.
Fuel Prices Plummet: Gasoline Drops Below 20,000 VND/Liter in Widespread Reduction
At 3:00 PM on December 11th, the Ministries of Industry and Trade and Finance jointly announced a reduction in the prices of petroleum products.
PVOIL Establishes Aviation Fuel Trading Company
Vietnam Oil and Gas Group (PVOIL, UPCoM: OIL) has approved a new business establishment plan to enter the aviation fuel market.
