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Retail Asia12/05/2023

Gasoline and diesel prices in Vietnam fell for the third straight time Thursday afternoon. RON95 gasoline price dropped 5.91% to VND21,000 per liter, lowest since December 21. Biofuel E5 RON92 fell 6.07% to VND20,130. Diesel declined by 3.29% to VND17,650. Gasoline and diesel prices have been going down non-stop since mid-April. Fuel prices globally dropped […]

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Retail Asia05/05/2023

Gasoline prices on Thursday fell by more than 5% to the lowest since mid-January. Starting from 3 p.m. RON95 declined by 5.5% to VND22,320 per liter. Biofuel E5 RON92 also dropped by 5.5% to VND21,430. Diesel fell 5.9% to VND18,250, a new low since the beginning of the year. The Ministry of Industry and Trade […]

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Retail Asia22/04/2023

The price of Vietnam’s best-selling gasoline RON 95-III fell VND610 to VND23,630 ($1) per liter on Friday, while E5 RON 92 prices dropped VND490 to VND22,680. Meanwhile, the price of diesel fell by VND750 to VND19,390. Kerosene prices dropped VND250 to VND19,480, while mazut oil prices rose VND650 to VND15,840. The Ministry of Industry and […]

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Retail Asia04/04/2023

Gasoline prices rose slightly on Monday after falling to their lowest in 2 months on March 21. RON95 went up 0.39% to VND23,120 ($0.98) per liter. E5 RON92 increased by 0.28% to VND22,080. Diesel stopped its downward trend with a 0.67% rise to VND19,430. Globally, the average price of fuel products increased by 0.6-2.4%. Per-barrel […]

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Retail Asia29/03/2023

Vietnam is finding it difficult to sell 102 million liters of RON92, an out-of-date gasoline the country wants to replace with more RON95 in the national reserve. To obtain more space and money for today’s most common and popular gasoline RON95, Vietnam needs to sell its reserves of the cheaper RON92 fuel, which was supposed […]

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Retail Asia22/02/2023

Gasoline prices dropped Tuesday after two hikes, while diesel fell to this year’s new low. RON95 gasoline was sold at VND23,440 ($0.99) per liter starting 3 p.m., down 1.35% from a week ago. Biofuel E5 RON92’s price went down 1.23% to VND22,540. Diesel dropped 3.2% to VND28,860, its second decline in a row. The Ministry […]

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Retail Asia30/01/2023

Vietnam’s fuel oil and gasoline imports almost doubled to US$9 billion last year from $4.9 billion in 2021. Volumes were 28% up to 8.9 million tons. Diesel accounted for 54% of the volume, gasoline for 19% and jet fuel for 16%. South Korea was the biggest supplier, providing 3.2 million tons, followed by Singapore and […]

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Retail Asia12/01/2023

Diesel dropped 2.3% to VND21,630 ($0.92) per liter while gasoline prices remained unchanged Wednesday afternoon. Kerosene fell 4.2% to VND21,800 per liter. Mazut decreased by 2.8% to VND13,360 per kilogram. Global gasoline and oil prices gained 0.5-6.6% between the last and this adjustment. RON95 gasoline dropped 0.53% to over $92 per barrel, while diesel fell […]

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Retail Asia22/12/2022

Gasoline prices plunged to the lowest since June 2021, with RON95 dropping 2.36% to VND20,700 ($0.87) per liter. E5 RON92 fell 1.82% to VND19,970. Diesel dropped 0.32% to VND21,600. Gasoline prices have fallen four times in a row since mid-November. They are now 37% lower than the previous peak on June 21. Vietnam fuel prices […]

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Retail Asia28/11/2022

The recent fuel shortages happened because retail prices did not follow the market economy principles, and the government cannot mandate prices, Prime Minister Pham Minh Chinh said. “Businesses only operate if they gain profits. It is difficult for the government to use administrative measures with them in a market economy.” He pointed out that calling […]

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Retail Asia22/11/2022

Vietnam’s RON95 gasoline price dropped 0.34% to VND23,780 ($0.96) per liter after rising in the last four adjustments. E5 RON92 price fell 0.18% to VND22,670. Diesel dropped 0.72% to VND24,800. The Ministry of Finance has acknowledged an updated transportation cost of importing fuel to Vietnam in the Monday adjustment for the second time this month. […]

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Retail Asia17/11/2022

The current partial shortage of gasoline and oil has been caused by wholesalers not importing sufficient amounts, says said Deputy Minister of Industry and Trade Do Thang Hai. Commissions for retailers being cut amidst fluctuating world prices is also a factor, Hai told the press reporters Tuesday. Fuel retailers said they suffer losses after their […]

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Retail Asia15/11/2022

Freight forwarders of all sizes can now play a more significant role in reducing cargo-related carbon emissions with a new tie-up between CargoAi and Neste. The cargo booking platform and the leading producer of sustainable aviation fuel (SAF) have announced a partnership that will allow the voluntary purchase of SAF. Starting November, CargoAi offers the […]

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Retail Asia04/11/2022

The Ministry of Industry and Trade has requested state-run gasoline and oil wholesalers to sell their commercial reserves to mitigate fuel shortages in some localities. Minister of Industry and Trade Nguyen Hong Dien on Wednesday asked PVN, Petrolimex, Mipec, Petimex and Thanh Le General Import-Export Trading Corporation to sell their reserves. Usually, wholesalers are supposed […]

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Retail Asia01/11/2022

Indonesia raised subsidized fuel prices by about 30% on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests. The price of subsidized gasoline was raised to 10,000 rupiah ($67 U.S. cents) a litre from 7,650 rupiah, while that of subsidized diesel rose to 6,800 rupiah a litre from […]

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Retail Asia20/10/2022

Despite fuel prices going up since the beginning of the year, traffic continues to increase in many US cities. Luckily, Waze is here to help you not just avoid as much traffic as possible, but also find the cheapest fuel with the Gas Station feature introduced earlier this year. Considering OPEC recently announced a new cap for global oil […]

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Retail Asia09/10/2022

The Ministry of Finance refused a proposal to exempt special consumption tax on gasoline given the country’s tax rate is at a low level compared to many other countries. The Vietnam Chamber of Commerce and Industry has recently proposed that the special consumption tax on gasoline be reduced to provide positive impacts amid global uncertainties. The ministry […]

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Retail Asia22/09/2022

Vietnam has cut gasoline prices for the eighth time in the last three months, seeking to contain inflation and boost consumption amid global economic woes. From 3 p.m. Wednesday, RON95 gasoline prices fell 4.21% to VND22,580 ($0.95) per liter. Prices for biofuel E5 RON92 dropped 2.42% to VND21,780. This means Vietnam’s gasoline prices have fallen […]

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Retail Asia05/09/2022

Indonesia raised subsidised fuel prices by about 30% on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests. The price of subsidized gasoline was raised to 10,000 rupiah ($67 U.S. cents) a litre from 7,650 rupiah, while that of subsidised diesel rose to 6,800 rupiah a litre from […]

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Retail Asia31/08/2022

Gas stations in several southern localities have run out of supplies of petrol, diesel and other fuels and have stopped doing business. In Tinh Bien District, An Giang Province, six gas stations that get their supplies from Ho Chi Minh City-based Dai Dong Duong Petroleum JSC have stopped selling since Monday. A Dai Dong Duong […]

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