Gasoline prices increased simultaneously from the afternoon of August 28

According to the adjustment decision of the Ministry of Industry and Trade - Ministry of Finance, on the afternoon of August 28, the prices of all types of gasoline and oil were simultaneously adjusted up.

Illustration photo.

In the face of recent developments in world petroleum product prices and the implementation of petroleum price management according to the market mechanism under State management, the Ministry of Industry and Trade - Ministry of Finance does not set aside and does not spend the Petroleum Price Stabilization Fund for all products.

Accordingly, from 3:00 p.m. on August 28, the maximum retail price for petroleum products will be applied as follows: E5RON92 gasoline will not be higher than VND 19,771/liter (an increase of VND 307/liter compared to the current base price), VND 592/liter lower than RON95-III gasoline; RON95-III gasoline will not be higher than VND 20,363/liter (an increase of VND 271/liter compared to the current base price); 0.05S diesel will not be higher than VND 18,357/liter (an increase of VND 452/liter compared to the current base price); kerosene will not be higher than VND 18,225/liter (an increase of VND 411/liter compared to the current base price); Madut 180CST 3.5S oil is not higher than 15,260 VND/kg (an increase of 144 VND/kg compared to the current base price).

Thus, since the beginning of the year, domestic gasoline prices have undergone 36 adjustments, of which RON 95 gasoline has increased 20 times and decreased 16 times; diesel oil has increased 17 times, decreased 18 times and remained unchanged once.

The adjustment of retail gasoline prices is decided by key traders and distributors, but cannot be made earlier than 3:00 p.m. on August 28, 2025.

The time to apply the new base price will last until the next announcement period of the Ministry of Industry and Trade. Enterprises will adjust prices in accordance with the provisions of current Decrees and Circulars on the management of petroleum business and the use of the Price Stabilization Fund.

The Ministry of Industry and Trade will continue to coordinate with relevant agencies to inspect and monitor the implementation of regulations on ensuring petroleum supply, and strictly handle violations if detected.

According to the Ministry of Industry and Trade, the world oil market in this management period (from August 21, 2025 to August 27, 2025) is affected by main factors such as: The US increases taxes on imported goods from India; US crude oil reserves decrease more sharply than forecast information; the military conflict between Russia and Ukraine continues, the two sides increase attacks on each other's energy facilities... The above factors have caused world oil prices in recent days to fluctuate up and down depending on each item.

The average price of finished petroleum products in the world between the price adjustment period on August 21, 2025 and the adjustment period on August 28, 2025 is: 79.026 USD/barrel of RON92 gasoline used to blend E5RON92 gasoline (up 1.544 USD/barrel, equivalent to an increase of 1.99%); 81.294 USD/barrel of RON95 gasoline (up 1.238 USD/barrel, equivalent to an increase of 1.55%); 84.760 USD/barrel of kerosene (up 2.168 USD/barrel, equivalent to an increase of 2.62%); 85.968 USD/barrel of 0.05S diesel oil (up 2.392 USD/barrel, equivalent to an increase of 2.86%); 405,362 USD/ton of 180CST 3.5S fuel oil (up 4,294 USD/ton, equivalent to an increase of 1.07%).

NBO

Source: https://baoninhbinh.org.vn/gia-xang-dau-dong-loat-tang-tu-chieu-288-250828144239233.html