Vietnam gasoline prices fall below 20,000 dong per liter

Vietnam cut prices for all types of gasoline and other fuels from 3 p.m. on November 12, 2026. Under an adjustment by the Ministry of Industry and Trade and the Ministry of Finance, E10 RON 95-III gasoline fell by 1,310 dong to 19,840 dong per liter, while E5 RON 92 fell by 1,500 dong to 19,740 dong per liter. Both gasoline grades are now priced below 20,000 dong per liter.

Diesel and other fuels fell by 1,870 to 2,260 dong per liter or kilogram. After the adjustment, diesel costs 26,820 dong per liter and fuel oil costs 19,740 dong per kilogram. The adjustment reflects trends in international energy markets.

This price adjustment resumed contributions to the fuel price stabilization fund for certain products: 600 dong per liter of biofuel gasoline and 1,000 dong per kilogram of fuel oil. Use of the fund was suspended for all products. Earlier, on November 1, 2026, the special consumption tax rate on all types of gasoline was reduced to zero through the end of March 2027. The policy is expected to reduce government revenue by more than 7.672 trillion dong.

The Ministry of Industry and Trade is seeking feedback on a draft fuel trading decree. The draft would allow wholesale fuel companies to set their own selling prices using a prescribed formula and require them to maintain minimum reserves equivalent to 20 days of supply. Fuel trading between distributors would be limited to local supply shortages or emergencies. The draft also proposes ending contributions to and disbursements from the price stabilization fund when the decree takes effect.

Source: VietVance