Gasoline prices increased by nearly 300 VND/liter from 3 PM on June 26th.

BBK - Except for fuel oil, which decreased by 374 VND/kg, the prices of common petroleum products on the market simultaneously increased from 3 PM on June 26th following adjustments by the Ministry of Industry and Trade and the Ministry of Finance. From July 1st, after Resolution No. 204/2025/QH15 on reducing value-added tax takes effect, the prices of petroleum products will "cool down" further.

Photo: THANH DAT

The Ministry of Industry and Trade has just issued urgent document No. 4684/BCT-TTTN dated June 26th to petroleum wholesalers and distributors regarding the management of petroleum business.

Given the recent developments in global petroleum product prices and in line with the market-based pricing mechanism with state management, the Ministry of Industry and Trade - Ministry of Finance did not make any contributions to or disburse funds from the Petroleum Price Stabilization Fund for any product during the price adjustment on June 26th.

From 3 PM on June 26, 2025, until before 0 AM on July 1, 2025 - the period before Resolution No. 204/2025/QH15 comes into effect - the maximum retail prices for petroleum products will be applied as follows:

E5RON92 gasoline: not exceeding 20,911 VND/liter (an increase of 280 VND/liter compared to the previous period).

RON95-III gasoline: not exceeding 21,507 VND/liter (an increase of 263 VND/liter compared to the previous period).

Diesel fuel 0.05S: not exceeding 19,707 VND/liter (an increase of 551 VND/liter compared to the previous period).

Kerosene: not exceeding 19,417 VND/liter (an increase of 494 VND/liter compared to the previous period).

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

The adjustment of selling prices for petroleum products is determined by petroleum wholesalers and distributors, but not earlier than 3 PM on June 26th for products with price increases, and not later than 3 PM on June 26th for products with price decreases.

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 wholesalers, announcing a reduction in value-added tax.

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

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

E5RON92 gasoline: not exceeding 20,530 VND/liter (a decrease of 101 VND/liter compared to the previous period (June 19, 2025)).

RON95-III gasoline: not exceeding 21,116 VND/liter (down 128 VND/liter compared to the previous period).

Diesel fuel 0.05S: not exceeding 19,349 VND/liter (an increase of 193 VND/liter compared to the previous period).

Kerosene: not exceeding 19,064 VND/liter (an increase of 141 VND/liter compared to the previous period).

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

The adjustment of the selling prices of the aforementioned petroleum products shall not be earlier than 0:00 on July 1st for items with price increases, and not later than 0:00 on July 1st for items with price decreases.

Compiled from nhandan.vn

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