Each liter of gasoline increased by 20-40 VND, oil products also became more expensive by 320-380 VND depending on the type, from 3:00 p.m. today.
According to the joint management of the Ministry of Industry and Trade - Ministry of Finance today, the price of RON 95-III gasoline (the popular type on the market) increased by 20 VND, to 21,930 VND per liter; E5 RON 92 also increased by 40 VND, with a new price of 21,040 VND per liter.
Similarly, oil products are 320 - 380 VND more expensive per liter or kilogram compared to 7 days ago.
Gasoline and oil prices after adjustment today:
| Item | New price | Change |
| Gasoline RON 95-III | 21,930 | + 20 |
| E5 RON 92 gasoline | 21,040 | + 40 |
| Diesel | 19,700 | + 340 |
| Kerosene | 20,330 | + 380 |
| Fuel oil | 15,810 | + 320 |
Unit: VND/liter or kg, depending on type
Thus, domestic retail fuel prices increased after falling last week.
Gas station staff on Ly Tu Trong Street, District 1, Ho Chi Minh City prepare to change the price board before the adjustment, February 2022. Photo: Quynh Tran
Since the beginning of 2023, domestic fuel prices have been adjusted 39 times, of which 19 times increased, 14 times decreased and 5 times remained unchanged.
In today's operating session, the authorities still maintain no deductions or expenditures from the Price Stabilization Fund (except for fuel oil, which maintains the deduction level of 300 VND per kg as 7 days ago).
According to the Ministry of Industry and Trade and the Ministry of Finance, the world fuel market last week increased and decreased alternately due to the supply shortage in Libya and continued tensions in the Middle East, and US crude oil reserves decreased more than expected.
The average price of finished petroleum products in the world for 7 days, the price of RON 92 gasoline (the type used to blend E5 RON 92 gasoline) is 87.14 USD per barrel, down 0.4% compared to the previous period. Each barrel of RON 95 increased 0.1%, to nearly 91.34 USD. Similarly, diesel and kerosene are more expensive by 1.7-1.8%, respectively 98.5 USD and 100.75 USD per barrel.
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