Vietnam fuel prices fall for fourth straight time, E5 gasoline drops below VND 20,000 per liter
Vietnam’s Ministry of Industry and Trade and Ministry of Finance announced lower retail price ceilings for major petroleum products on November 12. The ceiling for E5RON92 gasoline fell by VND 1,499 to VND 19,399 per liter, marking the fourth consecutive fuel price cut since November 1.
On the afternoon of November 12, 2026, Vietnam’s Ministry of Industry and Trade and Ministry of Finance announced new retail price ceilings for petroleum products. The ceiling for E5RON92 gasoline was set at VND 19,399 per liter, down VND 1,499 from the previous adjustment and below VND 20,000; the ceiling for E10RON95-III gasoline was set at VND 19,845 per liter, down VND 1,311. Fuel prices in Vietnam have fallen four consecutive times since November 1.
Prices of major petroleum products in Vietnam fell from the afternoon of November 12, 2026.（VietVance）
The ceiling for 0.05S diesel was set at VND 26,822 per liter, down VND 1,874; the ceiling for 180CST 3.5S fuel oil was set at VND 19,742 per kilogram, down VND 2,263. The ceiling for E5RON92 gasoline was VND 446 lower than that for E10RON95-III.
Changes in Vietnam’s retail petroleum product prices from December 31, 2025, to November 12, 2026.（VietVance）
In this pricing adjustment, the two ministries decided to allocate advance funds from the state budget to the Petroleum Price Stabilization Fund at a rate of VND 600 per liter of biofuel gasoline and VND 1,000 per kilogram of fuel oil; the fund was not used to subsidize petroleum product prices in this adjustment.
The two ministries said international petroleum product prices generally declined during this pricing period. Compared with the November 5 pricing period, the average international price of RON92 gasoline used to blend E5RON92 fell 7.67%, RON95 gasoline used to blend E10RON95-III fell 6.88%, diesel fell 6.92%, and fuel oil fell 15.32%. Market factors cited by the ministries included an increase in OPEC crude oil production in October and attacks on oil tankers in the Strait of Hormuz.
Changes in international petroleum product prices from February 26 to November 11, 2026.（VietVance）
Prices in neighboring countries published by the two ministries for November 12 show that Vietnam’s ceiling for E10RON95-III gasoline, at VND 19,845 per liter, was lower than the listed gasoline prices in Thailand, Cambodia, Laos and China. Vietnam’s diesel price ceiling was also lower than the listed diesel prices in those four countries. Some of the listed prices were affected by government subsidies or price controls.
Source: VietVance
