The Inter-Ministerial Committee of Industry and Trade - Finance announced that the global gasoline and oil market has been impacted by information related to the Middle East conflict in recent days.

In this afternoon's price review, the Inter-Ministerial Committee continued to adjust domestic gasoline and oil prices. RON 95-III gasoline, a common type, increased by 1.470 dong to 25.540 dong per liter. Similarly, E5 RON 92 is now priced at 24.340 dong.

Oil products also saw increases compared to the previous review period. Specifically, diesel rose by 1.540 dong per liter, and mazut by 900 dong per kg.

The regulator continued to suspend contributions to the Gasoline and Oil Price Stabilization Fund for these products.

Since late April, under Circular 21, the Ministry of Industry and Trade removed kerosene from the list of announced retail gasoline and oil base prices due to its very small proportion (0,1%) of total consumption.

Currently, taxes such as environmental protection, special consumption, and value-added tax (VAT) on gasoline, oil, and jet fuel remain at 0% until the end of June, as per a National Assembly Resolution. Gasoline and oil import taxes also maintain a 0% rate until 30/6, according to a Government Resolution.

From 1/6, E10 RON 95-III gasoline will be widely available, replacing mineral RON 95-III gasoline in the market. E5 RON 92 gasoline will continue to be sold until the end of 2030.

According to data from the Ministry of Industry and Trade, as of 15/5, Vietnam imported nearly 4,33 million tons of various gasoline and oil products, totaling 4,55 billion USD. Compared to the same period last year, imports of this energy group increased by 20,9%, while their value surged by 85,7%. Specifically, gasoline import turnover reached 1,05 billion USD, diesel nearly 2,46 billion USD, mazut approximately 119 million USD, and jet fuel 927 million USD.

Ongoing coverage

Phuong Dung