According to the price management decision of the Ministry of Industry and Trade - Ministry of Finance, the retail price of domestic petroleum products will be applied at a new price from 3:00 p.m. on July 31.
Specifically, the price of E5 RON 92 gasoline increased by VND122/liter to VND19,401/liter. RON 95 III gasoline increased by VND131/liter to VND19,840/liter. Kerosene and fuel oil recorded increases of VND86/liter and VND154/kg, respectively, to the new prices of VND18,714/liter and VND15,533/kg. Meanwhile, diesel oil decreased by VND61/liter to VND19,068/liter.
Explaining this adjustment, the regulatory agency said that the world oil market from July 24-30 was affected by many conflicting factors such as geopolitical tensions, information about the US-EU trade agreement and fluctuations in US crude oil inventories. These factors caused world finished product prices to fluctuate up/down depending on the item, leading to corresponding adjustments in domestic prices.
In this management period, the management agency decided not to set aside and not to use the Petroleum Price Stabilization Fund for all products. The goal of the management is to ensure that domestic prices move in line with world prices, harmonize interests between parties and encourage the use of E5 bio-fuel.
Source: https://doanhnghiepvn.vn/kinh-te/gia-xang-len-gan-20-000-dong-lit/20250731025509572
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