Gasoline price increased by more than 20,000 VND/liter

On the afternoon of August 7, the Ministry of Finance and the Ministry of Industry and Trade jointly announced changes in retail gasoline prices. The effective time is from 3:00 p.m. the same day.

The regulatory agency decided to increase the price of E5 RON 92 gasoline by VND200/liter and RON 95 gasoline by VND230/liter. After adjustment, the retail price of E5 RON 92 gasoline is VND19,600/liter and RON 95 gasoline is VND20,070/liter.

Meanwhile, oil prices continued to be adjusted up and down in this management period. Specifically, diesel decreased by VND260/liter to VND18,800/liter, kerosene decreased by VND50/liter to VND18,660/liter; fuel oil increased by VND110/kg to VND15,640/kg. The management agency still maintained that it would not draw from or spend from the price stabilization fund.

Thus, domestic gasoline prices have increased for two consecutive sessions. Currently, this fuel price is at a low level in more than 4 years, equivalent to June 2021. Since the beginning of the year, RON 95 gasoline has increased 18 times, decreased 15 times. Diesel has increased 16 times, decreased 15 times and remained unchanged once.

The room for the petroleum price stabilization fund of some key enterprises still recorded a large positive level because in many recent management periods, this fund was not used. The fund balance as of the end of the first quarter was more than 6,079 billion VND. Of which, the balance at the Vietnam National Petroleum Group ( Petrolimex ) accounted for half, at 3,082 billion VND.

The Ministry of Industry and Trade is seeking opinions to submit to the Government a roadmap for the application of biofuels, with the goal of switching to using E10 biofuel nationwide. In particular, the use of E10 gasoline (mixing 10% ethanol into mineral gasoline) is expected to be applied from January 1, 2026.

Starting from August 1, the two largest petroleum companies in the country, the Vietnam National Petroleum Group (Petrolimex) and the Vietnam Oil Corporation (PV Oil), said they will pilot the sale of E10 gasoline in Ho Chi Minh City, Hanoi and Hai Phong.

Source: https://dantri.com.vn/kinh-doanh/gia-xang-tang-vuot-20000-donglit-20250807142412576.htm