In Vietnam, gasoline and diesel prices have risen sharply
From 15:00 on September 17, retail prices for gasoline and diesel fuel changed in Vietnam. The cost of major fuel types increased by more than 1,300 dong per liter amid rising global petroleum product prices. The new prices were set by an inter-ministerial decision of the Ministry of Industry and Trade and the Ministry of Finance.
E5 RON92 gasoline now costs no more than 25,139 dong per liter — 1,395 dong more than the previous maximum price. The price of E10 RON95-III increased by 1,397 dong and reached 25,636 dong per liter.
0.05S diesel fuel rose by 1,460 dong — to 29,945 dong per liter. Fuel oil also became more expensive: the price of 180CST 3.5S increased by 1,039 dong and amounted to 19,196 dong per kilogram.
The main reason for the increase was changes in the global petroleum products market. According to the Ministry of Industry and Trade, during the period preceding the price revision, the cost of refined petroleum products rose noticeably. In particular, the average price of RON92 gasoline used to produce E5 increased by about 10.3%, RON95 by 10.6%, and diesel fuel by about 13.4%.
When adjusting domestic prices, the authorities used funds from the Fuel Price Stabilization Fund. 1,250 dong per liter was allocated for biofuel, and 2,000 dong per liter for diesel. This made it possible to partially offset the impact of rising global prices.
Despite the increase, fuel prices in Vietnam remain relatively low compared with some neighboring countries. As of September 17, the converted gasoline price was about 31,294 dong per liter in Thailand, 30,697 dong in Cambodia, and more than 52,000 dong in Laos. In Vietnam, the comparable figure was about 25,886 dong per liter.
For residents and tourists, the price increase primarily means higher expenses for travel by private car, taxi, and other motor transport. This may be especially noticeable for those who regularly make long-distance trips between cities or use a car daily.
At the same time, the situation on the global market remains unstable: after the September 17 increase, global oil prices began to decline. The next adjustment of domestic prices in Vietnam will depend on the further dynamics of the global market.
Source: https://tuoitre.vn/vi-sao-xang-dau-tang-gia-manh-100260918170310647.htm Source: https://baochinhphu.vn/dieu-chinh-gia-xang-dau-tu-15h-ngay-17-9-102260917143849696.htm Source: https://moit.gov.vn/tin-tuc/mot-so-thong-tin-ve-viec-dieu-hanh-gia-xang-dau-ngay-17-9.html
