Petrol prices decline in latest update

May 05, 2025 - 17:10

There have been 18 adjustments of fuel prices since the beginning of this year.

E5 RON92 petrol has been capped at VNĐ19,154 (US$0.74) per litre. — VNA/VNS Photo

HÀ NỘI — The Ministry of Industry and Trade have announced reductions in retail fuel prices, effective from 3pm on Monday.

Accordingly, E5 RON92 petrol has been capped at VNĐ19,154 (US$0.74) per litre, down VNĐ84, while RON95-III petrol now costs VNĐ19,586 per litre, a decrease of VNĐ52 compared to that of the previous adjustment.

The price of diesel 0.05S has been reduced by VNĐ165 to VNĐ17,359 per litre, and that of kerosene dropped by VNĐ151 to VNĐ17,564 per litre. Mazut saw a decrease of VNĐ326, now priced at VNĐ16,198 per kg.

There have been 18 adjustments of fuel prices since the beginning of this year.

Specifically, RON95-III petrol has experienced nine price hikes and nine cuts. Diesel oil has increased eight times, decreased nine times, and remained unchanged once.

In this adjustment, the authorities opted not to use the petrol and oil price stabilisation fund for any of the fuel categories. — VNS

Việt Nam offers investment potential amid global uncertainty

Economy

Enhancing presence of Vietnamese goods in ASEAN market is essential

Economy

The Asia-Pacific must bolster trade resilience as it navigates global uncertainty

Economy

VN-Index may face short-term correction

Economy

PM engages with leading Malaysian companies to foster investment, economic cooperation

Economy

El Salvador eyes strategic cooperation in banknote printing

More on this story

Economy

Finance ministry considers 20 per cent tax rate on gain from property transfers

The Ministry of Finance is considering introducing a tax rate of 20 per cent on gains from real estate transactions, as part of its review for personal income tax reforms.

Economy

VPBank secures record US$1 billion sustainable syndicated loan

This transaction represents the largest syndicated loan ever raised by a Vietnamese bank and also marks the largest foreign loan to date dedicated to advancing sustainable finance in Việt Nam.

Economy

KRX system officially goes live

The system, developed with technology support from the Korea Exchange (KRX), is expected to bring significant changes to trading practices and boost market transparency and efficiency.

Economy

VN imports $1.8 billion worth of coal in Q1, mainly for thermal power generation

The rise in coal imports reflects Việt Nam’s continued reliance on thermal power, despite efforts to boost clean energy.

Economy

Việt Nam's manufacturing PMI declines amid tariff announcements

After US President Donald Trump announced reciprocal tariffs, Việt Nam’s PMI sharply declined to 45.6, down from 50.5 in the previous period.

Economy

SBV reports to National Assembly on record-high gold price disparity

The State Bank of Vietnam said it will monitor gold markets closely and coordinate with agencies to manage and stabilise the market within its authority.

Economy

MoIT takes over as sole C/O issuing body from May 5

From May 5, 2025, the Ministry of Industry and Trade (MoIT) officially takes over as the single authority responsible for issuing Certificates of Origin (C/O) in Việt Nam.

Economy

Green Vietnamese products shine at Paris int’l fair

The Vietnamese pavilion debuts eco-friendly handicrafts like loofah-fibre towels, recycled denim bags, and wooden and bamboo animal figurines, alongside traditional items in the Asia Hall.