Each liter of gasoline increased by 370-550 VND, oil products also increased by 200-490 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 (common type on the market) increased by 550 VND, to 22,480 VND per liter; E5 RON 92 increased by 379 VND, to 21,410 VND per liter.
Similarly, oil products also increased in price (except fuel oil) and have a new price of 20,190-20,530 VND per liter compared to 7 days ago.
This is the second consecutive increase in domestic fuel prices since the beginning of January.
Gasoline and oil prices will change as follows:
| Item | New price | Change |
| Gasoline RON 95-III | 22,480 | + 550 |
| E5 RON 92 gasoline | 21,410 | + 370 |
| Diesel | 20,190 | + 490 |
| Kerosene | 20,530 | + 200 |
| Fuel oil | 15,500 | -310 |
Unit: VND/liter or kg, depending on type
People refuel at a gas station on Hanoi Highway, Thu Duc City (HCMC), September 2022. Photo: Quynh Tran
Compared to the end of last year, each liter of RON 95-III is 340 VND more expensive after two increases and one decrease. Similarly, E5 RON 92 and diesel increased by 230 and 410 VND, respectively.
In today's operating session, the joint ministries continue not to allocate or spend from the Petroleum Price Stabilization Fund.
The Ministry of Industry and Trade and the Ministry of Finance said that the global oil market increased for 7 days due to the impact of escalating tensions in the Middle East and China's economic recovery being lower than expected. Tensions in the Red Sea and the appreciation of the US dollar also caused fuel prices to increase by nearly 0.7-3%, depending on the type.
For example, the average price of finished petroleum products for 7 days with RON 95 is 101.43 USD per barrel, up nearly 2.7%. Diesel oil is also more expensive by 2.4%, up to 100.84 USD per barrel. Fuel oil alone decreased to 443.72 USD per ton, equivalent to a decrease of 3%.
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