Vietnam Increases Gasoline Prices Significantly Effective May 21
The Ministry of Industry and Trade has announced a significant hike in domestic fuel prices starting May 21, citing global market volatility. The price stabilization fund remains suspended.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Vietnam Fuel Prices Surge: RON95 Increases by Nearly 1,500 VND/Liter
Vietnam's Ministry of Industry and Trade and the Ministry of Finance have announced a significant hike in domestic retail fuel prices, citing rising global market trends. This adjustment coincides with preparations for the nationwide rollout of E10 biofuel starting June 1st.
- Vietnam adjusts domestic gasoline prices upward starting 3 PM
Global supply chain disruptions have pushed domestic fuel prices higher in Vietnam. RON95 is now priced at 25,540 VND per liter, with the government maintaining a suspension of contributions to the stabilization fund.