Hanoi (VNA) - Retail prices of major petrol products were adjusted from 15:00 on February 20 following a joint decision by the Ministry of Industry and Trade, and the Ministry of Finance.
Accordingly, the retail ceiling price of E5RON92 is now capped at 18,634 VND (0.72 USD) per litre, down 200 VND from the previous period and 518 VND lower than RON95-III, which is priced at no more than 19,152 VND per litre, down 146 VND.
Meanwhile, the prices of diesel 0.05S rose to a maximum of 18,525 VND per litre, kerosene to 18,615 VND per litre, and mazut 180CST 3.5S to 15,862 VND per kilo.
The two ministries said the price management plan was devised in line with global fuel price developments, exchange rate fluctuations between the VND and the US dollar, and current regulations.
The move also aims to maintain a reasonable price gap between biofuel E5RON92 and mineral RON95 to encourage the use of biofuels in line with the Government’s policy, while ensuring harmonised interests among market participants.
No appropriation from or use of the petrol and oil price stabilisation fund was made for any product.
Since the beginning of 2026, domestic fuel prices have undergone eight revisions, with RON95 and E5RON92 each recording four increases and four decreases. Diesel prices have risen six times and fallen twice./.
Retail petrol prices rise in January 29 adjustment
The Ministry of Finance and the Ministry of Industry and Trade announced the latest fuel price adjustment, effective from 3:00 pm on January 29, with most oil and petrol products seeing increases.
