Gasoline prices drop across the board from today, July 1st due to VAT reduction

From today, July 1, the selling prices of all petroleum products have decreased due to Resolution No. 204/2025/QH15 of the National Assembly on reducing value added tax (VAT) taking effect.

Buying and selling gasoline and oil at Petrolimex gasoline and oil business point. (Photo: Tran Viet/VNA)

From 0:00 on July 1, the maximum retail price for petroleum products is applied as follows: E5RON92 gasoline is not higher than VND 20,530/liter, down VND 381/liter compared to June 30; RON95-III gasoline is not higher than VND 21,116/liter, down VND 391/liter compared to June 30; 0.05S diesel is not higher than VND 19,349/liter, down VND 358/liter compared to June 30; kerosene is not higher than VND 19,064/liter, down VND 19,417/liter compared to June 30; 180CST 3.5S fuel oil is not higher than VND 16,955/kg, down VND 314/kg compared to June 30.

At the Vietnam National Petroleum Group (Petrolimex) - the enterprise with the highest retail market share in the Vietnamese market, gasoline prices have also been adjusted as follows: E5RON92 gasoline is sold at VND20,530/liter; RON95-III gasoline is VND21,110/liter; 0.05SV diesel is VND19,600/liter; kerosene is VND19,060/liter; 180CST 3.5S fuel oil is VND16,950/kg.

The new price is effective from 00:00 on July 1, 2025 until the next gasoline price adjustment period of the Ministry of Industry and Trade - Ministry of Finance; it is publicly announced on the website petrolimex.com.vn and Petrolimex member petroleum companies.

For areas far from ports, warehouses, and petroleum production facilities as prescribed in Clause 27, Article 1, Decree 95/2021/ND-CP dated November 1, 2021 of the Government (Petrolimex referred to as "Zone 2"); The General Director of Petrolimex authorizes the Directors of Petrolimex member petroleum companies to directly decide on the actual selling price at the business location, but must not exceed the price level of Zone 2 mentioned above./.

According to VNA

Source: https://baothanhhoa.vn/gia-xang-dau-dong-loat-giam-tu-hom-nay-1-7-do-giam-vat-253712.htm