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 July 17, the maximum retail price for petroleum products is applied as follows: E5RON92 gasoline is not higher than VND 19,481/liter (down VND 178/liter compared to the current base price), lower than RON95-III gasoline by VND 444/liter; RON95-III gasoline is not higher than VND 19,925/liter (down VND 165/liter compared to the current base price); 0.05S diesel is not higher than VND 18,799/liter (down VND 38/liter compared to the current base price); kerosene is not higher than VND 18,429/liter (up VND 58/liter compared to the current base price); Madut 180CST 3.5S oil: not higher than 15,478 VND/kg (85 VND/kg lower than current base price).
Thus, since the beginning of the year, domestic gasoline prices have undergone 30 adjustments, of which RON 95 gasoline has increased 16 times and decreased 14 times; diesel oil has increased 15 times, decreased 14 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 July 17, 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 July 10, 2025 to July 16, 2025) is affected by main factors such as: US crude oil inventories decrease, while distillate inventories increase; OPEC+ forecasts that oil demand will continue to increase in the third quarter; information about the US's new import tax policy on goods of trading partners; the ongoing military conflict between Russia and Ukraine... The above factors have caused world oil prices to fluctuate up and down depending on each commodity in recent days.
The average price of finished petroleum products in the world between the price management period on July 10, 2025 and the management period on July 17, 2025 is: 78,010 USD/barrel of RON92 gasoline used to blend E5RON92 gasoline (down 0.904 USD/barrel, equivalent to a decrease of 1.15%); 79,700 USD/barrel of RON95 gasoline (down 0.772 USD/barrel, equivalent to a decrease of 0.96%); 86,620 USD/barrel of kerosene (up 0.422 USD/barrel, equivalent to an increase of 0.49%); 89,180 USD/barrel of 0.05S diesel oil (down 0.118 USD/barrel, equivalent to a decrease of 0.13%); 416,390 USD/ton of 180CST 3.5S fuel oil (down 2,530 USD/ton, equivalent to a decrease of 0.60%).
Source: https://baoninhbinh.org.vn/gia-xang-dau-quay-dau-giam-nhe-tu-chieu-17-7-227450.htm
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