From 11:45 PM on March 10th, after the allocation and use of the Fuel Price Stabilization Fund for petroleum products, the selling prices of commonly consumed petroleum products on the market are as follows: E5RON92 gasoline increased by 1,344 VND/liter, not exceeding 26,570 VND/liter; RON95-III gasoline not exceeding 29,120 VND/liter (an increase of 2,073 VND/liter compared to the current base price, equivalent to a 7.66% increase).
Prices for various types of fuel fluctuated, with diesel 0.05S not exceeding 30,717 VND/liter (an increase of 478 VND/liter compared to the current base price, equivalent to a 1.58% increase); kerosene: not exceeding 32,385 VND/liter (a decrease of 2,706 VND/liter compared to the current base price, equivalent to a 7.71% decrease); and mazut 180CST 3.5S: not exceeding 24,707 VND/kg (an increase of 3,380 VND/kg compared to the current base price, equivalent to a 15.85% increase).
During this price adjustment period, the Ministry of Industry and Trade - Ministry of Finance decided to utilize the Fuel Price Stabilization Fund at a rate of 5,000 VND/liter for diesel fuel and 4,000 VND/liter for other types of gasoline and diesel.
Without using the Fuel Price Stabilization Fund, the base prices of commonly consumed petroleum products on the market as of March 10th compared to the current prices (the previous adjustment period, March 7th, 2026) are as follows: E5RON92 gasoline at 30,570 VND/liter, an increase of 5,344 VND/liter, equivalent to a 21.18% increase; RON95-III gasoline at 33,120 VND/liter, an increase of 6,073 VND/liter, equivalent to a 22.45% increase; 0.05S diesel at 35,717 VND/liter, an increase of 5,478 VND/liter, equivalent to an 18.12% increase; kerosene at 36,385 VND/liter, an increase of 1,294 VND/liter, equivalent to a 3.69% increase. Fuel oil 180CST 3.5S is priced at 28,707 VND/kg, an increase of 7,380 VND/kg, equivalent to a 34.60% increase.
According to the Ministry of Industry and Trade, given the complex developments in world oil prices, fluctuations in the VND/USD exchange rate, and current regulations, and in implementation of Resolution No. 36/NQ-CP dated March 6, 2026, of the Government on the regular Government meeting in February 2026, and Decision No. 441/QD-BCT dated March 10, 2026, of the Minister of Industry and Trade on the application of measures to use the Oil Price Stabilization Fund, the Ministry of Industry and Trade and the Ministry of Finance have decided on a plan to manage oil prices combining price stabilization and adjustment of domestic oil prices; continuing to maintain a reasonable price difference between E5RON92 bio-gasoline and RON95 mineral gasoline to encourage the use of biofuels in accordance with the Government's policy; and ensuring a balance of interests among market participants.
The global oil market this period (March 7th - March 9th, 2026) is influenced by several key factors: the ongoing military conflict between the US, Israel, and Iran; oil-exporting countries in the Gulf region cutting production due to blockages in oil exports through the Strait of Hormuz, leading to full storage facilities; fuel hoarding in most countries; and the continued military conflict between Russia and Ukraine. These factors are expected to cause global oil prices to continue rising on March 9th, 2026.
The average price of refined petroleum products in the world market between March 7, 2026 and the adjustment period of March 10, 2026 is: US$139.300/barrel for RON92 gasoline used to blend E5RON92 gasoline (an increase of US$29.570/barrel, equivalent to a 26.95% increase); US$147.500/barrel for RON95 gasoline (an increase of US$31.335/barrel, equivalent to a 26.97% increase); US$188.200/barrel for kerosene (an increase of US$7.320/barrel, equivalent to a 4.05% increase); US$184.430/barrel for 0.05S diesel oil (an increase of US$30.945/barrel, equivalent to a 20.16% increase). 882,380 USD/ton for 180CST 3.5S fuel oil (an increase of 257,995 USD/ton, equivalent to a 41.32% increase).
Adjustment of petroleum product prices: Determined by petroleum wholesale traders and petroleum distributors, but no earlier than 23:45 on March 10, 2026 for products with price increases, and no later than 23:45 on March 10, 2026 for products with price decreases.
From 23:45 on March 10, 2026, the time when the Ministry of Industry and Trade announces the base price for the period specified in this Official Letter, until before the next announcement of the base price by the Ministry of Industry and Trade, the adjustment of selling prices of petroleum products shall be decided by petroleum trading and distribution businesses in accordance with the regulations in Decree No. 83/2014/ND-CP, Decree No. 95/2021/ND-CP, Decree No. 80/2023/ND-CP, Circular No. 17/2021/TT-BCT, Circular No. 18/2025/TT-BCT, Circular No. 103/2021/TT-BTC, and Circular No. 104/2021/TT-BTC.
The Ministry of Industry and Trade will coordinate with relevant agencies to inspect and monitor the fulfillment of responsibilities by petroleum traders in ensuring the supply of petroleum products to the market and will strictly handle any violations (if any).
The Ministry of Industry and Trade and the Ministry of Finance are continuing to closely monitor market developments to announce appropriate fuel prices, in accordance with directives, and to promptly propose solutions to stabilize fuel prices to the Government and the Prime Minister.
Source: https://baotintuc.vn/kinh-te/chi-manh-quy-binh-on-gia-xang-tang-hon-2000-donglit-20260311003559488.htm
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