Specifically, the price of E5 RON92 gasoline increased by VND280/liter, to VND20,911/liter. The price of RON95 gasoline increased by VND263/liter, not higher than VND21,507/liter.
Prices of all types of oil also increased simultaneously, specifically: Diesel oil price increased by 551 VND/liter, up to 19,707 VND/liter. Kerosene price increased by 494 VND/liter, not higher than 19,417 VND/liter. Meanwhile, fuel oil price decreased by 374 VND/kg, down to 17,269 VND/kg.
In this period, the regulatory agency continues not to set aside or use the gasoline price stabilization fund for all products.
According to the Ministry of Industry and Trade - Ministry of Finance, the world oil market in this adjustment period (from June 19, 2025 to June 25, 2025) is affected by main factors such as: the conflict between Israel and Iran in the Middle East; the ongoing military conflict between Russia and Ukraine... The above factors have caused world oil prices to fluctuate up and down depending on each commodity in recent days.
This is the fifth consecutive increase in gasoline prices. Previously, in the adjustment period on June 19, the price of E5 RON92 gasoline increased by VND1,169/liter, to VND20,631/liter. The price of RON95 gasoline increased by VND1,277/liter, not higher than VND21,244/liter.
Prices of all types of oil also increased simultaneously. Specifically: Diesel oil price increased by 1,456 VND/liter, up to 19,156 VND/liter. Kerosene price increased by 1,412 VND/liter, not higher than 18,923 VND/liter and fuel oil price increased by 1,182 VND/kg, up to 17,643 VND/kg.
On the same day, the Department of Domestic Market Management and Development issued Document No. 1492/TTTN-XD to petroleum producers; petroleum distributors and petroleum wholesale traders announcing the reduction of value added tax.
Specifically, on June 17, 2025, the National Assembly issued Resolution No. 204/2025/QH15 on reducing value added tax. This Resolution stipulates a 2% reduction in value added tax rate, applicable to the group of goods and services specified in Clause 3, Article 9 of the Law on Value Added Tax No. 48/2024/QH15 (to 8%), except for some groups of goods and services such as: telecommunications, financial activities, banking, securities, insurance, real estate business, metal products, mining products (except coal), goods and services subject to special consumption tax (except gasoline). Resolution 204/2025/QH15 takes effect from July 1, 2025 to December 31, 2026.
Accordingly, after applying this tax rate from 0:00 on July 1, the maximum retail price for petroleum products will be applied as follows: E5RON92 gasoline will not be higher than VND 20,530/liter (down VND 101/liter compared to the previous period); RON95-III gasoline will not be higher than VND 21,116/liter (down VND 128/liter compared to the previous period); Diesel oil will not be higher than VND 19,349/liter (up VND 193/liter compared to the previous period); Kerosene will not be higher than VND 19,064/liter (up VND 141/liter compared to the previous period); Mazut oil will not be higher than VND 16,955/kg (down VND 668/kg compared to the previous period).
"The Ministry of Industry and Trade will continue to coordinate with relevant agencies to inspect and monitor the implementation of regulations on ensuring petroleum supply, and strictly handle violations if detected," The Department of Domestic Market Management and Development said.
Source: https://baolangson.vn/gia-xang-ron-95-vuot-21-500-dong-lit-5051330.html
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