Retail gasoline prices in the domestic market continued to climb by more than VND500 per liter on the afternoon of March 1, the sixth consecutive increase and the fifth increase in a row in 2022. Currently, the selling prices of both RON 95 and E5 RON 92 gasoline are at historic highs.
After climbing for five consecutive times, the ministries of Industry and Trade and Finance, on November 25, decided to lower retail gasoline prices. However, the prices of RON95 and E5 RON92 gasoline remain at a high level.
After advancing for nine consecutive times, the prices of petrol products slightly decreased domestically as of 4.30 p.m. on April 12. This adjustment is about one hour later than the previous one.
Retail petrol prices rose by more than VND300 per liter from 3 pm on January 26, the fifth increase in a row, following the latest review by the Ministry of Industry and Trade and the Ministry of Finance.
Both prices of E5 RON92 and RON95 gasoline decrease as of 3 p.m. on October 27, following the decision of the ministries of Industry and Trade and Finance.
Due to new Covid-19 cases and unchanged global fuel prices, the ministries of Finance and Industry and Trade on July 28 decided to keep the price of RON95 gasoline unchanged, just slightly increase the prices of the remaining petroleum products.
The prices of fuel in Vietnam declined the seventh consecutive time this year on April 13 to the lowest level in the past 11 years since March 2009 under the decision of the ministries of Finance and Industry and Trade.
The price of fuel in Vietnam simultaneously dropped as of 3 p.m. on February 14, according to the order by the ministries of Industry and Trade and Finance.
According to the order of the ministries of Industry and Trade and Finance, the prices of fuel in Vietnam were raised as of 3 p.m. on December 31, 2019.
According to order of the ministries of Industry and Trade and Finance, petrol prices in Vietnam slightly declined while oil prices edged up as of 3 p.m. on December 16.
The Ministry of Industry and Trade said that it has proposed the Prime Minister to consider adjusting the environmental protection tax rate for biofuel in general and E5 RON92 ethanol gasoline blend in particular so as to create a basic and large enough difference in price between biofuel and fossil fuel that is able to convince consumers to use biofuel.
