RON 95 gasoline price close to 21,000 VND/liter

HNN.VN - Starting from July 1, according to Resolution No. 204/2025/QH15 of the National Assembly issued on July 16, 2024, value added tax (VAT) on gasoline will decrease by 2% (from 10% to 8%), so retail prices will be adjusted down accordingly.

Gasoline prices are reduced by 2% VAT starting from July 1

Specifically, compared to the recent price adjustment period, the selling price of RON95 gasoline is no higher than VND21,116/liter, down VND128/liter; E5RON92 gasoline is no higher than VND20,530/liter, down VND101/liter. Oil products (except fuel oil) increased by VND140-190/liter; of which, diesel oil is 190 VND higher, up to VND19,340/liter; kerosene and fuel oil have new prices of VND19,060/liter and VND16,950/kg, respectively.

According to the Ministry of Industry and Trade , in recent days, the world oil market has been affected by many factors such as the ongoing conflict between Israel and Iran in the Middle East, Russia and Ukraine. Geopolitical and economic fluctuations have caused world oil prices to fluctuate, up and down depending on the product. The Ministry said that domestic oil prices in the first 6 months of the year remained lower than the same period last year and previous years, contributing to reducing input costs for production and business, supporting the goal of controlling inflation.

According to the Department of Domestic Market Management and Development - Ministry of Industry and Trade, Resolution No. 204/2025/QH15 as mentioned above takes effect from July 1, 2025 to December 31, 2026.

Minh Song

Source: https://huengaynay.vn/kinh-te/gia-xang-ron-95-ve-sat-21000-dong-lit-155218.html