Gasoline

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Retail Asia08/03/2024

Gasoline and diesel prices dropped Thursday afternoon. The popular fuel RON95 gasoline fell 1.55% from a week ago to VND23,550 ($0.95) per liter. Biofuel E5 RON92 declined by 1.05% to VND22,510. Diesel dropped 1.44% to VND20,470. In the last seven days fuel prices swinged due to concerns that China would struggle to regain growth momentum, […]

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Retail Asia16/02/2024

Gasoline and diesel prices both rose Thursday afternoon as global rates increased during the last seven days. The popular fuel RON95 went up 2.79% to VND23,910 ($0.98) per liter. Biofuel E5 RON 95 gained 3.21%r to VND22,830. Diesel rose 3.18% to VND21,360. A decline in production at U.S. refineries also caused prices to go up […]

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Retail Asia12/01/2024

Gasoline and diesel prices rose marginally on Thursday afternoon. The popular RON95 gasoline went up 0.09% from a week ago to VND21,930 ($0.90) per liter. E5 RON92 rose 0.19% to VND21,040. Fuel prices fluctuate globally in the last seven days due to supply shortage in Libya, rising tension in the Middle East, and a stronger-than-expected […]

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Retail Asia15/12/2023

Gasoline prices Thursday dropped to the lowest since May 11 while diesel hit a five-month low. The popular fuel RON95 fell 4.12% to VND21,400 per liter. Biofuel E5 RON92 dropped 3.66% to VND20,510. Diesel fell 3.65% to VND19,000. Global fuel prices decreased in the past seven days due to concerns that military tensions in the […]

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Retail Asia01/12/2023

On Thursday, prices of the popular gasoline RON95 dropped for the third time this month while diesel slid to a four-month low. RON95 fell 0.13% to VND22,990 ($0.95) per liter, while biofuel E5 RON92 rose 0.46% to VND21,790. This was RON95’s third straight decline this month. Diesel declined for the fourth time in a row […]

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Retail Asia22/09/2023

Gasoline prices on Thursday rose to another new peak this year while diesel prices continued to climb. The popular gasoline RON95 went up 3.5% to VND25,740 ($1.06) per liter. This was its seventh increase in the last two months. RON95 has risen by around 10% since the beginning of the year. Biofuel RON92 rose 3.07% […]

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Retail Asia22/08/2023

Gas prices went up for the fifth time in a row on Monday, having increased non-stop since early July. The popular gasoline RON95 was 2.54% higher at VND24,600 per liter. Biofuel E5 RON92 rose 2.23% to VND23,330. Diesel fell for the first time in more than three months, dropping 1.79% to VND17,980. According to the […]

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Retail Asia12/07/2023

Except for E5 RON 92, gasoline and diesel prices have risen by VND70-660 per liter starting 3 p.m. Tuesday. The price of the widely used RON95 went up 0.33% to VND21,490 (91 cents) per liter. Biofuel E5 RON92 decreased by VND60 (0.29%) to VND20,410. Diesel had a VND450 (2.48%) rise to VND18,610. Oil prices edged […]

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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 Asia04/01/2023

Gasoline prices went up Tuesday for the second time this year. The price of the popular fuel RON95 went up 1.6% to VND22,150 ($0.94) per liter. E5 RON92 price also rose 1.6% to VND21,350. Diesel price stayed unchanged at VND22,150. This is the second fuel hike in three days. The government raised gasoline prices up […]

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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 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 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 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 Asia04/10/2022

Gasoline prices fell for the ninth time in a row to the same level as August 2021 with a liter of RON95 priced at VND21,440 ($0.9). The most popular gasoline in Vietnam, accounting for around 60% of sales, declined by 5% from the previous adjustment on Sept. 21. Biofuel E5 RON92 prices dropped 5.2% to […]

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Retail Asia06/09/2022

Vietnam’s gasoline prices fell 1.56-1.74% on Monday while diesel prices surged 6%. A liter of RON 95 now costs VND24,230 ($1.03), down 1.74%. That of biofuel E5 RON 92 costs VND23,350, down 1.56%. Monday’s was the seventh consecutive downward adjustment made to gasoline prices, bringing prices down by 25.4-26.3% since this year’s peak on July […]

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Retail Asia12/08/2022

Vietnam gasoline prices on Thursday dropped 3.6-3.8% to the lowest since Feb. 11 as global rates kept falling. A liter of popular RON 95 gasoline now costs VND24,660 ($1.05), down VND940, while that of biofuel E5 RON 95 costs VND23,720, down VND900. Thursday’s was the fifth consecutive downward adjustment made to gasoline prices. Compared to […]

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