Accordingly, the maximum retail price of E5 RON92 petrol has been set at 19,196 VND (0.76 USD) per litre, up 74 VND; and that of RON95-III petrol at no more than 19,565 VND per litre, a modest increase of 33 VND.
E5 RON92 petrol is now capped at 19,180 VND (0.74 USD) per litre, up 403 VND from the previous adjustment, while RON95-III petrol costs 19,594 VND per litre, up 415 VND.
Vietnam’s retail fuel prices were reduced for the second consecutive time from 3pm on May 8, under an urgent directive issued on the same day by the Ministry of Industry and Trade (MoIT).
The price drop follows global oil market fluctuations from April 3 to 9, influenced by the US's tariff hikes, rising crude inventories, and ongoing geopolitical tensions. Average global fuel prices dropped by 9–11% during the period
The retail prices of petrol were revised upward on November 28 afternoon following the latest adjustment by the Ministries of Industry and Trade and Finance.
The Ministry of Industry and Trade, and the Ministry of Finance have decided to reduce the retail sale prices of petrol products from 3pm on November 14.
The Ministry of Finance (MoF) said on June 5 that in the first five months of 2024, domestic market prices were basically stable, with market developments in line with the price management scenario set by the Prime Minister’s Steering Committee for Price Management.
The retail prices of E5RON92 bio-petrol and all oil products increased from 3pm on May 23 following the latest adjustment of the Ministry of Industry and Trade, and the Ministry of Finance.
