The price of RON 95-III gasoline (the most common type on the market) decreased by 1,210 VND to 19,900 VND per liter. E5 RON 92 also fell by 1,090 VND, to 19,440 VND.
Similarly, oil products (except mazut) dropped by 930-1,150 VND per liter. Compared to 7 days ago, diesel decreased by 940 VND to 18,400 VND per liter. Kerosene and mazut are now priced at 18,130 VND and 15,800 VND, respectively.
The updated gasoline and oil prices are as follows:
| Product | New Price | Change |
| RON 95-III Gasoline | 19,900 | - 1,210 |
| E5 RON 92 Gasoline | 19,440 | - 1,090 |
| Diesel | 18,400 | - 940 |
| Kerosene | 18,130 | - 930 |
| Mazut | 15,800 | - 1,150 |
Unit: VND/liter or kg, depending on the product
From 1/7, the value-added tax (VAT) on gasoline and oil was reduced by 2%, from 10% to 8%, according to a National Assembly resolution.
The Ministry of Industry and Trade stated that domestic gasoline and oil prices in the first six months of the year remained lower than the same period last year and previous years. This has contributed to reducing input costs for production and business, supporting the goal of controlling inflation.
This year, the minimum total supply allocated to key traders is more than 29.5 million cubic meters/tons of various gasoline and oil products. In the first half of the year, businesses prepared approximately 13.86 million cubic meters/tons for the domestic market, equivalent to 47% of the minimum allocated amount from the beginning of the year. However, actual consumption was 12.6 million cubic meters/tons, resulting in an inventory of about 1.7-1.8 million cubic meters/tons.
* To be updated
Phuong Dung
