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Gasoline price drops, RON 95-III close to 21,000 VND per liter

TB (summary) February 27, 2025 14:57

According to the adjustment of the Ministry of Industry and Trade - Ministry of Finance, the price of gasoline and other types of oil will decrease, except for fuel oil which will increase from 3:00 p.m. today.

Một điểm bán xăng của Petrolimex tại Hà Nội
A Petrolimex gas station in Hanoi (illustrative photo)

According to the decision of the Ministry of Industry and Trade - Ministry of Finance, except for fuel oil, the prices of the remaining petroleum products will decrease from 3:00 p.m. on February 27, with the highest decrease being 219 VND/liter.

Specifically, the price of E5 RON92 gasoline decreased by 197 VND/liter, down to 20,658 VND/liter; RON95-III gasoline decreased by 219 VND/liter, the new price is 21,112 VND/liter; diesel oil is no higher than 18,957 VND/liter, down 106 VND/liter and kerosene decreased by 178 VND/liter, down to 19,335 VND/liter. Mazut oil alone increased by 19 VND, the new price is 17,615 VND/kg.

During this period, the joint ministries did not set aside or use the Price Stabilization Fund for petroleum products. As of the time before the price adjustment, the balance of the Price Stabilization Fund at the Vietnam National Petroleum Group (Petrolimex) was VND3,081 billion, unchanged from the most recent announcement period.

In the most recent adjustment (February 20), the price of E5 RON92 and RON95-III gasoline increased by VND257/liter, and kerosene increased by VND40/liter. However, the price of diesel oil decreased by VND10/liter and fuel oil decreased by VND183/kg.

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Gasoline price drops, RON 95-III close to 21,000 VND per liter