On the afternoon of June 26, 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 increase the price of E5 RON 92 gasoline by VND290 per liter and RON 95 gasoline by VND260 per liter. After adjustment, the maximum retail price of E5 RON 92 gasoline is VND20,910 per liter and RON 95 gasoline is VND21,500 per liter.
Similarly, oil prices were also adjusted upward during this management period. Specifically, diesel increased by VND550/liter to VND19,700/liter, kerosene increased by VND490/liter to VND19,410/liter; meanwhile, fuel oil decreased by VND380/kg to VND17,260/kg. The management agency still maintains that it will not draw from or spend from the price stabilization fund.
Thus, the domestic price of RON 95 gasoline has increased for 5 consecutive sessions after only one decrease. Currently, the price of this fuel is at its lowest level in the past 4 years, equivalent to July 2021. Since the beginning of the year, RON 95 gasoline has increased 15 times, decreased 11 times. Diesel has increased 14 times, decreased 11 times and remained unchanged once.
The room for the petroleum price stabilization fund of some key enterprises still recorded a large positive level because this fund has not been used in many recent management periods. The fund balance as of the end of 2024 is more than 6,072 billion VND. Compared to the end of 2023, this fund balance decreased by nearly 600 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.
At the 6-month review conference on the petroleum supply situation on June 25, Mr. Tran Ngoc Nam - Deputy General Director of Vietnam National Petroleum Group ( Petrolimex ) said that the group supports the organization of biofuel business, so it is expected that on August 1, E10 gasoline business will be tested in the Ho Chi Minh City market to assess the technical impact and meet customer needs.
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-tang-tiep-ron-95-len-21500-donglit-20250626143535181.htm
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