Local petrol prices exceed VND19,000/l in third consecutive increase
VOV.VN - Vietnam’s retail petrol prices surpassed the VND19,000 per litre mark as of 3 p.m. on February 12 in their third consecutive increase, according to the Ministry of Industry and Trade and the Ministry of Finance.
RON95-III, the most commonly used petrol in Vietnam, edged up by VND418 to VND19,298 per litre. E5 RON 92 biofuel was also revised up by VND395 to a maximum of VND18,834 per litre.
Elsewhere, the prices of diesel 0.05S and kerosene were capped at VND18,463 per litre and VND18,512 per litre, rising by VND10 and VND122 per litre, respectively.
In addition, Mazut 180CST 3.5S was sold at no more than VND15,569 per kilogramme, up VND419 per kilogramme.
In this pricing adjustment cycle, the inter-ministerial regulatory agency did not use the price stabilisation fund for any products.
Since the beginning of 2026, domestic petrol prices have undergone six adjustments, including two decreases and four increases. In 2025, domestic petrol prices saw 50 adjustments, including 24 decreases, and 20 increases.
The Ministry of Industry and Trade reported that global petroleum prices during the latest adjustment period, from February 5 to 11 were affected by multiple factors, including tensions between the United States and Iran, the increase in US oil inventories, depreciation of the US dollar, and ongoing military developments related to the Russia–Ukraine conflict.
These factors caused global petrol and oil prices to fluctuate in recent days, with mixed movements across different products, but the main upward trend is dominant.
Petrol prices rise after several declines, near VND19,000 per litre
VOV.VN - Domestic petrol prices in Vietnam rose at the latest adjustment at 3:00 p.m. on January 29, reversing several previous declines and edging close to VND19,000 per litre, according to the Ministry of Finance and the Ministry of Industry and Trade.
