The Inter-Ministry of Industry and Trade - Finance announced that global petroleum market prices have fluctuated over the past seven days, primarily due to the ongoing US-Iran conflict. This volatility has led to the latest domestic price adjustments.
Effective 15:00 today, the price of E10 RON 95-III gasoline increased by 550 dong, reaching 20,550 dong per liter. E5 RON 92 gasoline also saw a rise of 630 dong, now priced at 19,820 dong per liter.
Similarly, diesel and mazut oil products experienced price increases ranging from 720 to 1,580 dong per liter or kg. A liter of diesel now costs 23,320 dong, while mazut is priced at 14,450 dong per kg.
During this pricing cycle, regulators continued to suspend contributions to the Petroleum Price Stabilization Fund and authorized withdrawals. The fund's specific disbursement for diesel is 1,500 dong per liter, and for mazut, it is 500 dong per kg.
Since 1/6, all RON 95-III mineral gasoline has been blended with 10% ethanol to produce E10 gasoline for market sale. E5 RON 92 gasoline, however, will remain available until the end of 2030.
A representative from the Ministry of Industry and Trade noted a gradual decrease in consumer feedback regarding E10 gasoline after more than a month of its implementation. Official channels receive these reports, prompting regulatory bodies and related units to inspect fuel quality and vehicle technical conditions before concluding.
At a seminar on biofuels on 13/7, Mr. Dang Tat Thanh, from the Agency for Innovation, Green Transformation, and Industrial Promotion (Ministry of Industry and Trade), confirmed that fuel samples are retained at all stages, from general warehouses to retail outlets, alongside business operations. This allows authorities to examine samples against current standards to assess fuel quality at each supply stage, should any unusual issues arise after using E10 gasoline.
The Ministry of Industry and Trade representative emphasized that this strictly managed traceability process ensures the quality of petroleum products on the market. However, he cautioned that determining the cause of issues with gasoline of unknown origin would require more extensive evaluation steps.
* Continually updated
Phuong Dung
