Gasoline prices have decreased across the board, some types have decreased by more than 700 VND/liter.

(Dan Tri) - In the adjustment period on August 14, gasoline prices turned to decrease. Since the beginning of the year, RON 95 gasoline has increased 18 times and decreased 16 times.

On the afternoon of August 14, the Ministry of Finance and the Ministry of Industry and Trade jointly announced changes in retail gasoline prices. The effective time is from 3:00 p.m. the same day.

The regulatory agency decided to reduce the price of E5 RON 92 gasoline by VND250/liter and RON 95 gasoline by VND190/liter. After adjustment, the retail price of E5 RON 92 gasoline is VND19,350/liter and RON 95 gasoline is VND19,880/liter.

Similarly, oil prices continued to decrease during this management period. Specifically, diesel oil decreased by 730 VND/liter to 18,070 VND/liter, kerosene decreased by 640 VND/liter to 18,020 VND/liter; fuel oil decreased by 380 VND/kg to 15,260 VND/kg. The management agency still maintained not to draw from or spend the price stabilization fund.

Thus, domestic gasoline prices have reversed after two consecutive increases. Currently, the price of this fuel is at a low level in more than 4 years, equivalent to June 2021. Since the beginning of the year, RON 95 gasoline has increased 18 times, decreased 16 times. Diesel has increased 16 times, decreased 16 times and remained unchanged once.

The room for the petroleum price stabilization fund of some key enterprises still recorded a large positive level because in many recent management periods, this fund was not used. The fund balance as of the end of the first quarter was more than 6,079 billion VND. Of which, the balance at the Vietnam National Petroleum Group ( Petrolimex ) accounted for half, at 3,082 billion VND.

The Ministry of Industry and Trade is seeking opinions to submit to the Government a roadmap for the application of biofuels, with the goal of switching to using E10 biofuel nationwide. In particular, the use of E10 gasoline (mixing 10% ethanol into mineral gasoline) is expected to be applied from January 1, 2026.

Starting from August 1, the two largest petroleum companies in the country, the Vietnam National Petroleum Group (Petrolimex) and the Vietnam Oil Corporation (PV Oil), said they will pilot the sale of E10 gasoline in Ho Chi Minh City, Hanoi and Hai Phong.

Source: https://dantri.com.vn/kinh-doanh/gia-xang-dau-dong-loat-giam-co-loai-giam-hon-700-donglit-20250814143001301.htm