The global fuel market has seen a downward trend in recent days compared to a week ago. This is driven by expectations of improved supply, assuming a de-escalation in US-Iran tensions and an increase in US crude oil inventories.
Recent conflicts in the Middle East have impacted the sourcing capabilities of primary fuel distributors. Concurrently, rising consumption demand in some localities has intensified supply pressure, compelling these distributors to adjust short-term sales volumes.
Last week, Standing Deputy Prime Minister Pham Gia Tuc instructed the Ministry of Industry and Trade to closely monitor the fuel market, assess supply, demand, and reserves to prevent any supply shortages. The ministry was also tasked with directing primary distributors to proactively secure their stock, maintain regular sales, and report to the Prime Minister on the supply situation.
In this adjustment period, regulators ceased spending from the fuel price stabilization fund and allocated 200 dong per liter for biofuel.
Following the inter-ministry's directive, the price of E10 RON 95-III gasoline decreased by 530 dong, bringing it to 22,320 dong per liter. The price of E5 RON 92 also dropped by 660 dong, reaching 21,720 dong per liter.
Similarly, diesel and mazut oil products saw an 80 dong reduction per liter and kilogram, respectively. A liter of diesel is now priced at 27,540 dong, while mazut costs 16,390 dong per kilogram.
The updated fuel prices are as follows:
*To be updated
Phuong Dung
