Today (March 13), the Ministry of Industry and Trade - Ministry of Finance announced changes in retail prices of petroleum products. Based on the management of the Ministry of Industry and Trade - Ministry of Finance, petroleum businesses simultaneously adjusted their petroleum prices from 3:00 p.m. today.

Compared to 7 days ago, in today's operating period, the price of RON 95 gasoline (common type on the market) decreased by 760 VND/liter, the selling price is 19,640 VND/liter.

Similarly, the price of E5 gasoline was also adjusted down by 680 VND/liter, the selling price down to 19,280 VND/liter.

Diesel price was adjusted down by 440 VND/liter, selling price to 17,890 VND/liter.

Product Price from March 13, 2025 (unit: VND/liter) Compare with previous period
Gasoline RON 95-III 19,640 - 760
E5 RON 92 gasoline 19,280 - 680
Diesel 17,890 - 440

Gasoline price list at the operating period of March 13, 2025.

At today's management session, the Ministry of Industry and Trade - Ministry of Finance still did not deduct and did not spend from the Price Stabilization Fund for petroleum products.

In the most recent adjustment period (March 6), RON 95 gasoline price decreased by 710 VND/liter, selling price was 20,400 VND/liter.

Similarly, the price of E5 gasoline was also adjusted down by 690 VND/liter, the selling price down to 19,960 VND/liter.

Meanwhile, diesel price was adjusted down by 620 VND/liter, selling price to 18,330 VND/liter.

by nam khanh gasoline.jpg
Gasoline prices drop sharply. Photo: Nam Khanh

Thus, the domestic price of RON 95 gasoline has decreased for the third consecutive time. Currently, the price of this fuel is at its lowest level in more than 3 years.

Regarding petroleum, the draft new decree on petroleum trading has been consulted 8 times with businesses, experts, and ministries over the past year. However, this decree has not been issued yet.

According to experts, it is necessary to soon issue a new decree on petroleum trading to ensure publicity and transparency in management, create social consensus, and contribute to ensuring national energy security in the coming time.

Recently, a series of petroleum businesses such as Xuyen Viet Oil, Hai Ha Petro and Thien Minh Duc were discovered to have committed serious violations in business activities, causing great losses to the state budget.

This shows that the petroleum business still has many shortcomings in terms of policies as well as the capacity of enterprises. Therefore, it is urgent to issue a new decree on petroleum business to plug the “loopholes” and make the market transparent.

Domestic gasoline prices may drop sharply tomorrow Domestic gasoline prices tomorrow (March 13) are forecast to drop for the third consecutive time. If the Price Stabilization Fund is not affected, gasoline prices may drop by about 680-780 VND/liter, while diesel prices may drop less.