On the afternoon of September 11th, the Ministry of Finance and the Ministry of Industry and Trade announced a change in retail gasoline and diesel prices. The changes took effect from 3 PM on the same day.
The regulatory agency decided to reduce the price of E5 RON 92 gasoline by 100 VND/liter and RON 95 gasoline by 30 VND/liter. After the adjustment, the retail price of E5 RON 92 gasoline is 19,750 VND/liter and RON 95 gasoline is 20,400 VND/liter.
Diesel fuel increased by 170 VND/liter to 18,640 VND/liter, kerosene increased by 50 VND/liter to 18,360 VND/liter; fuel oil decreased by 280 VND/kg to 15,090 VND/kg. The regulatory agency continues to maintain the policy of not allocating or disbursing funds from the price stabilization fund.
Thus, domestic gasoline prices have reversed their upward trend after three consecutive increases. Since the beginning of the year, RON 95 gasoline has increased 21 times and decreased 17 times. Diesel fuel has increased 19 times, decreased 17 times, and remained unchanged once.
The fuel price stabilization fund of several key enterprises still has a large positive balance because this fund has not been used in many recent price adjustment periods. The fund balance as of the end of the first quarter was over 6,079 billion VND. Of this, the balance at Vietnam National Petroleum Group ( Petrolimex ) accounts for half, at 3,082 billion VND.
The Ministry of Industry and Trade is seeking feedback on a draft Circular stipulating the roadmap for applying the blending ratio of biofuels with traditional fuels in Vietnam. The Ministry proposes that in phase 1 (from January 1, 2026 to 2030), all gasoline blended, mixed, and sold for use in gasoline-powered vehicles nationwide will be E10 gasoline.
In Phase 2 (from the beginning of 2031), all gasoline blended, processed, and sold for use in gasoline-powered vehicles nationwide will be E15 gasoline or bio-gasoline with different blending ratios as stipulated by the Minister of Industry and Trade.
With domestic gasoline consumption estimated at around 12-15 million m3/year, the amount of ethanol needed for blending is approximately 1.2-1.5 million m3/year. Meanwhile, domestic ethanol production capacity currently only reaches 450,000 m3/year, equivalent to 40% of the demand, with the remainder having to be imported.
Previously, starting from August 1st, the two largest petroleum distribution companies in the country, Vietnam National Petroleum Group (Petrolimex) and Vietnam Oil Corporation (PV Oil), piloted the sale of E10 gasoline in Ho Chi Minh City, Hanoi, and Hai Phong.
Petrolimex piloted the sale of E10 gasoline at 36 gas stations in Ho Chi Minh City (before the merger). PV Oil piloted the sale of this type of gasoline at 4 gas stations in Hanoi and 2 gas stations in Hai Phong. The gas stations selected for the pilot sale of E10 RON 95 gasoline will cease selling E5 RON 92 gasoline.
Source: https://dantri.com.vn/kinh-doanh/gia-xang-ron-95-giam-30-donglit-20250911125907666.htm
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