Fuel prices this afternoon, May 28, 2026: RON95 decreased by more than 1,000 VND/liter.
Fuel prices on May 28, 2026, saw a sharp drop across the board, with RON95 gasoline, E5 gasoline, and diesel prices all falling significantly following the new domestic price adjustment period.
Today, May 28, 2026, gasoline prices recorded a notable downward adjustment across the domestic retail market. According to the latest price adjustment decision, RON95-III gasoline dropped sharply to 24,150 VND/liter, while E5 RON92-II gasoline also fell to 23,250 VND/liter.
Gasoline and diesel prices fell across the board today following the latest price adjustment.
The Ministry of Industry and Trade and the Ministry of Finance have just announced new retail price adjustments, effective from 3 PM this afternoon. Many fuel products have seen significant price reductions compared to the previous price adjustment period.
Latest retail prices of petroleum products.
- RON95-III gasoline: 24,150 VND/liter, a decrease of 1,390 VND.
- E5 RON92-II gasoline: 23,250 VND/liter, down 1,090 VND.
- Diesel fuel: 27,650 VND/liter, down 1,110 VND.
- 2-K kerosene: 25,800 VND/liter, a sharp decrease of 2,560 VND.
This reduction is considered quite significant compared to recent adjustments in the domestic fuel market. This adjustment helps alleviate fuel cost pressure on transportation, logistics, and industrial production.
Continue to allocate funds to the fuel price stabilization fund.
At the price adjustment on the 2nd, this reduction was considered quite significant compared to many recent adjustments in the domestic fuel market. This adjustment helps to reduce fuel cost pressure on transportation, logistics, and industrial production.
The new provision rates applied include:
- 500 VND/liter for E5 bioethanol fuel.
- 700 VND/liter for unleaded gasoline.
- 300 VND/liter for diesel fuel.
- 700 VND/kg for fuel oil.
Amidst ongoing international geopolitical tensions, world crude oil and gold prices continue to fluctuate sharply from one trading session to the next. Maintaining the price stabilization fund is seen as a solution to mitigate future fuel price shocks.
E10 gasoline will be rolled out nationwide starting June 1st.
One of the notable developments in the current petroleum market is the plan to roll out E10 bioethanol fuel nationwide starting June 1, 2026. This new roadmap is being implemented according to the regulations in Circular 50 of the Ministry of Industry and Trade.
According to the plan, E10 gasoline will be widely used for gasoline-powered vehicles nationwide. Meanwhile, E5 RON92 gasoline will continue to be in circulation until the end of 2030 to ensure a smooth transition process.
In fact, many businesses have begun testing the sale of E10 gasoline since August 2025 in many major localities. In May alone, thousands of retail outlets switched to selling the new biofuel instead of traditional gasoline.
According to Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan, the deployment of E10 gasoline will be carried out in stages, ensuring compliance with technical requirements and protecting consumer rights.
International oil prices updated at 3:00 PM on May 28th.
On the international market, world oil prices today remain volatile due to various economic and geopolitical factors. This development continues to directly impact domestic gasoline and diesel prices as well as global financial market sentiment.
- WTI crude oil is trading around $90 per barrel.
- Brent crude oil is currently remaining below $100 per barrel.
Besides crude oil, many other energy commodities also showed notable fluctuations in this afternoon's trading session.
US gasoline prices have now surpassed the $3.20/gallon mark after US gasoline inventories fell sharply by approximately 3.2 million barrels in the week ending May 22nd. Heating oil in New York continues to hover around $3.60/gallon.
Meanwhile, natural gas in the US remained around $3.08/MMBtu.
Thermal coal is currently trading around $132.5 per ton on the international market.
Ethanol prices are currently at $1.98 per gallon, methanol has fallen to 3,002 CNY per ton, and naphtha has retreated to around $730 per ton.
Conversely, Russian Urals crude oil remained around the $100 per barrel mark.
