On the afternoon of July 3, the Ministry of Finance and the Ministry of Industry and Trade jointly announced changes in retail gasoline prices. The effective time is from 3:00 p.m. the same day.
The regulatory agency decided to reduce the price of E5 RON 92 gasoline by VND1,090 per liter and RON 95 gasoline by VND1,210 per liter. After adjustment, the maximum retail price of E5 RON 92 gasoline is VND19,440 per liter and RON 95 gasoline is VND19,900 per liter.
Similarly, oil prices were also adjusted down during this management period. Specifically, diesel oil decreased by VND940/liter to VND18,400/liter, kerosene decreased by VND930/liter to VND18,130/liter; meanwhile, fuel oil decreased by VND1,150/kg to VND15,800/kg. The management agency still maintains not to draw from or spend the price stabilization fund.
Thus, the domestic price of RON 95 gasoline has decreased for 2 consecutive sessions after 5 sessions of increase. Currently, the price of this fuel is at a 4-year low, equivalent to June 2021. Since the beginning of the year, RON 95 gasoline has increased 15 times, decreased 13 times. Diesel has increased 14 times, decreased 13 times and remained unchanged once.
The room for the petroleum price stabilization fund of some key enterprises still recorded a large positive level because in many recent management periods, this fund was not used. The fund balance as of the end of the first quarter was more than 6,079 billion VND. Of which, the balance at the Vietnam National Petroleum Group ( Petrolimex ) accounted for half, at 3,082 billion VND.
Regarding the implementation of the total minimum petroleum source for 6 months, Deputy Director of the Department of Domestic Market Management and Development ( Ministry of Industry and Trade ) Nguyen Thuy Hien said that the import in 6 months is estimated at 4.8 million tons of petroleum of all kinds. Regarding production, it is estimated at 7.83 million tons of petroleum of all kinds.
Regarding the roadmap for using E10 biofuel that can be mandatory from January 1, 2026, Minister of Industry and Trade Nguyen Hong Dien requested the Department of Domestic Market Management and Development to preside over and coordinate with the Department of Innovation, Green Transformation and Industrial Promotion and other agencies to advise on the issuance of a roadmap for using E10 gasoline.
According to the Minister, the roadmap for using E10 biofuel is expected to start from January 1, 2026. The Ministry of Industry and Trade will submit to the Government for approval a summary report on the implementation of Decision 53/2012 on the roadmap for applying the blending ratio of biofuels with traditional fuels.
Source: https://dantri.com.vn/kinh-doanh/gia-xang-giam-hon-1200-donglit-20250703142433679.htm
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