Gasoline price increased by nearly 300 VND/liter from 3:00 p.m. on June 26

BBK- Except for fuel oil, which decreased by VND374/kg, the prices of popular petroleum products on the market increased simultaneously from 3:00 p.m. on June 26 after the adjustment by the Ministry of Industry and Trade and the Ministry of Finance. From July 1, after Resolution No. 204/2025/QH15 on reducing value added tax takes effect, the prices of petroleum products will "cool down" more.

Photo: THANH DAT

The Ministry of Industry and Trade has just issued urgent Document No. 4684/BCT-TTTN dated June 26 to key petroleum traders and petroleum distributors on petroleum business management.

In light of recent developments in world petroleum product prices and the implementation of petroleum price management according to the market mechanism under State management, in the adjustment period on June 26, the Ministry of Industry and Trade and the Ministry of Finance did not set aside or spend the Petroleum Price Stabilization Fund for all products.

From 3:00 p.m. on June 26, 2025 to before 0:00 a.m. on July 1, 2025 - the time when Resolution No. 204/2025/QH15 has not yet taken effect, the maximum retail price for petroleum products is applied as follows:

E5RON92 gasoline: no higher than VND 20,911/liter (up VND 280/liter compared to the previous period).

RON95-III gasoline: no higher than VND 21,507/liter (up VND 263/liter compared to the previous period).

Diesel 0.05S: not higher than VND 19,707/liter (increased VND 551/liter compared to the previous period).

Kerosene: not higher than VND 19,417/liter (up VND 494/liter compared to the previous period).

Mazut oil 180CST 3.5S: not higher than 17,269 VND/kg (down 374 VND/kg compared to the previous period).

The adjustment of selling prices of petroleum products is determined by the petroleum wholesaler and petroleum distributor, but not earlier than 3:00 p.m. on June 26 for increased-priced products, and not later than 3:00 p.m. on June 26 for decreased-priced products.

On the same day, the Department of Domestic Market Management and Development issued Document No. 1492/TTTN-XD to petroleum producers; petroleum distributors and petroleum wholesale traders announcing a reduction in value added tax.

Specifically, on June 17, 2025, the National Assembly issued Resolution No. 204/2025/QH15 on value-added tax reduction. This Resolution stipulates a 2% reduction in value-added tax rate, applicable to the group of goods and services specified in Clause 3, Article 9 of the Law on Value-Added Tax No. 48/2024/QH15 (to 8%), except for some groups of goods and services such as: telecommunications, financial activities, banking, securities, insurance, real estate business, metal products, mining products (except coal), goods and services subject to special consumption tax (except gasoline). Resolution 204/2025/QH15 takes effect from July 1, 2025 to December 31, 2026.

Accordingly, from 0:00 on July 1, the maximum retail price for petroleum products will be applied as follows:

E5RON92 gasoline: not higher than VND 20,530/liter (down VND 101/liter compared to the previous period (June 19, 2025).

RON95-III gasoline: no higher than VND 21,116/liter (down VND 128/liter compared to the previous period).

Diesel 0.05S: not higher than VND 19,349/liter (increased by VND 193/liter compared to the previous period).

Kerosene: not higher than VND 19,064/liter (up VND 141/liter compared to the previous period).

Mazut oil 180CST 3.5S: not higher than VND 16,955/kg (down VND 668/kg compared to the previous period).

The adjustment of selling prices of the above petroleum products shall be no earlier than 0:00 on July 1 for products with increased prices, and no later than 0:00 on July 1 for products with decreased prices./.

Synthesized by nhandan.vn

Source: https://baobackan.vn/gia-xang-tang-gan-300-donglit-tu-15-gio-266-post71633.html