According to the announcement, E5RON92 is not higher than 24,340 VND per liter, an increase of 1,206 VND per liter compared to the current maximum selling price.
RON95-III gasoline is priced at 25,549 VND per liter, an increase of 1,471 VND per liter.
Diesel 0.05S: 28,761 VND per liter, up 1,535 VND per liter.
Mazut 180CST 3.5S: 21,483 VND per kg, up 898 VND per kg.
Since May 15, many fuel trading enterprises have switched to distributing E10RON95 bio-gasoline. The selling price of this product is currently 500-600 VND per liter lower than mineral gasoline.
At this adjustment period, the Ministry of Industry and Trade and the Ministry of Finance continue to suspend spending and setting aside funds.
The price adjustment and fund management apply from 3 PM on May 21, and fuel trading businesses must implement it no later than the above adjustment time.
Fuel prices increased due to tensions in negotiations between the US and Iran, which later cooled down; the transportation of goods through the Strait of Hormuz saw more favorable developments; the International Energy Agency (IEA) reported that commercial oil reserves are declining rapidly; the military conflict between Russia and Ukraine continues, with Ukraine continuing to attack Russian oil refineries…
The Ministry of Industry and Trade will coordinate with relevant authorities to inspect and monitor the implementation of responsibilities to ensure fuel supply for the market by fuel trading businesses and strictly handle violations.
The Ministry of Industry and Trade just issued an announcement on fuel price adjustment effective from 3 PM on May 14 with a reduction in all products.
