Vietnam lowers gasoline and diesel retail price caps on November 12

Vietnam’s Ministry of Industry and Trade notified petroleum wholesalers and distributors that new domestic retail price caps would take effect at 3 p.m. on November 12, 2026. E5RON92 gasoline is capped at 19,399 VND per liter, down 1,499 VND from the previous cap; E10RON95-III gasoline is capped at 19,845 VND per liter, down 1,311 VND. The two gasoline price caps differ by 446 VND.

Biofuel gasoline sold at a Petrolimex filling station.（VietVance）

The retail price cap for 0.05S diesel fell to 26,822 VND per liter, down 1,874 VND from the previous cap. The cap for 180CST 3.5S fuel oil fell to 19,742 VND per kilogram, down 2,263 VND. The new prices will apply until the Ministry of Industry and Trade’s next price announcement.

For this price adjustment, regulators decided to set aside 600 VND per liter of biofuel gasoline and 1,000 VND per kilogram of fuel oil for the petroleum price stabilization fund. No contribution will be made for diesel, and the fund will not be used for any product. Businesses must adjust their selling prices in accordance with current regulations.

The Ministry of Industry and Trade said it would work with relevant agencies to inspect petroleum businesses’ efforts to ensure market supply and handle any violations in accordance with the law. The Ministry of Industry and Trade and the Ministry of Finance will continue to monitor market changes to announce subsequent prices and propose price stabilization measures to the government.

Source: VietVance