Gasoline prices on March 13, 2023 to simultaneously increase after 2 consecutive reductions in Vietnam

Gasoline prices on March 13, 2023 to simultaneously increase after 2 consecutive reductions in Vietnam (Internet image)

On March 13, 2023, the Ministry of Industry and Trade of Vietnam issued Official Dispatch 1325/BCT-TTTN on the management of petroleum businesses. Specifically:

Official Dispatch 1325/BCT-TTTN

1. Prices of petrol and oil products from 3pm on March 13, 2022 in Vietnam

After adjusting the setting up and spending levels for the use of the Petroleum Price Stabilization Fund, the selling prices of popular consumer petroleum products on the market after 3 p.m. on March 13, 2022, are adjusted as follows:

- E5RON92 gasoline: Not higher than 22,806 VND/liter (increasing 385 VND/liter);

- RON95-III gasoline: not higher than 23,818 VND/liter (increasing VND 493/liter);

- 0.05S diesel oil: not higher than 20,502 VND/liter (increase by 247 VND/liter);

- Kerosene: not higher than 20,715 VND/liter (increasing by 241 VND/liter);

- Fuel oil 180CST 3.5S: not higher than 15,279 VND/kg (increasing 724 VND/kg).

2. Amount of deduction for petrol and oil price stabilization fund in Vietnam

According to Official Dispatch 1325/BCT-TTTN, the level of deduction for setting up the Petroleum Price Stabilization Fund is regulated as follows:

- E5RON92 gasoline: 300 VND/liter;

- RON95-III gasoline: 300 VND/liter;

- 0.05S diesel oil: 300 VND/liter;

- Kerosene: 300 VND/liter;

- Fuel oil: 0 VND/kg.

Not using the Petroleum Price Stabilization Fund.

For details, see Official Dispatch 1325/BCT-TTTN dated March 13, 2022. 

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