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Retail Asia19/01/2024

On Thursday, gasoline and diesel prices climbed for the second week, with gasoline being at the highest since early December. The popular gasoline RON95 rose 2.51% to VND22,480 per liter, the highest since Dec. 7. Diesel increased by 2.49% to VND20,190, the highest since Nov. 23. Gasoline prices rose globally in the last seven days […]

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Retail Asia02/06/2023

Gasoline prices rose by around 2.4% while diesel prices dropped marginally on Thursday afternoon. The popular gasoline RON95 went up 2.42% to VND22,010 ($0.94) per liter. Biofuel RON92 gained 1.90% to VND20,870 per liter. Diesel dropped 0.06% to VND17,940 per liter. The government said that fuel prices have been fluctuating globally due to OPEC+’s production […]

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Retail Asia02/06/2023

Cooking gas prices have decreased on June 1 following the falling prices in world market. The retail prices of Petrolimex gas (including VAT) in June in Hanoi is VND371,600 ($15.82) per 12 kg cylinder; down VND33,640. Nghiem Xuan Cuong, head of the Commercial and Civil Gas Sales Department under Petrolimex Gas JSC said that the […]

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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Vietnam is finding it difficult to sell 102 million liters of RON92, an out-of-date gasoline the country wants to replace with more RON95 in the national reserve.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 Asia02/03/2023

Cooking gas prices have fallen by VND16,000 (68 cents) to VND461,000 for a 12-kg cylinder in Ho Chi Minh City and other southern localities as global prices declined. Saigon Petro Co. announced the cut Wednesday after global suppliers lowered average prices by $60 to $730 per ton for March. The price of a 12-kg cylinder […]

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Retail Asia26/12/2022

Korea-cuts-LNG-price-by-10.1-pct-1024x526.jpg

Indonesia aims to export natural gas to Vietnam starting 2026 from the Tuna offshore block located near the Indonesian and Vietnamese maritime border, the country’s energy minister said on Friday. Southeast Asia’s biggest economy may deliver 100 to 150 million standard cubic feet per day of gas through a gas pipeline from the Tuna block […]

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Retail Asia02/12/2022

Cooking gas prices rose on Thursday in Ho Chi Minh City and other southern localities, with a 12-liter cylinder now costing VND438,000 (US$17.78), 3.06% higher than before. This is the second increase since November after prices fell for six months in a row from May. Global rates have gone up by 1.56% to $650 per […]

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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 Asia18/10/2022

The proposal for cuts to special consumption tax and value-added tax on gasoline will not be reviewed in the upcoming National Assembly session. Addressing the press Monday afternoon, Nguyen Minh Son, vice chairman of the Economic Committee, said the government was yet to present a report to the National Assembly on decreasing the special consumption […]

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Retail Asia02/08/2022

Vietnam gasoline prices on Monday dropped 1.8 percent to the lowest since Feb. 21 as global rates declined. A liter of popular RON 95 gasoline now costs VND25,600 ($1.10), while that of biofuel RON 92 E5 costs VND24,620. This means prices have fallen 21.3-22.1 percent since this year’s peak on June 21. On the global […]

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Retail Asia25/07/2022

Liquefied natural gas (LNG) power has been considered a major part of Vietnam’s solutions for reducing carbon emission, but the country is facing several hurdles in using it. LNG emits half the amount of carbon compared to coal in electricity production, therefore several experts recommended that Vietnam focuses on it alongside renewable sources to achieve […]

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Retail Asia22/06/2022

Vietnam’s RON 95 gasoline price increased by 1.54 percent Tuesday to a new record of VND32,870 ($1.42) per liter, having risen by 41 percent so far this year. This was the seventh increase in a row since mid-April of the popular gasoline, which accounts for 70 percent of total fuel consumption in the country. RON […]

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Retail Asia14/04/2022

Asian gas consumers are facing hard times as they are forced to import spot LNG at record high prices. Experts believe this is likely to kill any demand for gas within the region and accelerate demand destruction for natural gas while also amplifying concerns about costlier goods and services. Emerging markets are the most hit […]

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Retail Asia14/03/2022

Vietnam gasoline prices skyrocketed by 10 percent to another new record Friday, after authorities adjusted them upward for the seventh time in three months. The price of popular gasoline RON 95 and biofuel E5 RON 92 both rose from VND26,830 per liter to VND29,820 per liter and from VND26,070 to VND28,980, respectively. ($1 = VND22,875) […]

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Retail Asia17/02/2022

Gas stations across the country are again complaining about supply shortages and losses due to surging prices, which are forcing them to limit sales. In the southern province of An Giang, some limited sales to VND30,000 ($1.32) per customer on Tuesday, forcing buyers to go to another station to fill the rest of their gas […]

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Retail Asia30/08/2021

Oil prices fell about 1% lower on Friday, posting to their steepest weekly losses in months, on worries that travel restrictions to curb the spread of the Delta variant of COVID-19 will derail the global recovery in energy demand. Crude futures also came under pressure as the dollar strengthened after monthly U.S. job growth came […]

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Retail Asia19/07/2021

A lack of policies promoting battery production and building a charging station network is preventing the electric car market in Vietnam from hitting the road running. At the end of March, automaker VinFast began accepting pre-orders for its first electric cars. More than 4,000 orders were placed on the very first day. The company has […]

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