Gasoline and diesel prices will both decrease from 3 PM today.

The price of RON 95-III gasoline (the most common type on the market) decreased by 280 VND, to 22,600 VND per liter. E5 RON 92 gasoline remained at 21,610 VND per liter, down 290 VND.

New prices for petroleum products range from 16,880 to 20,090 VND per liter. Compared to seven days ago, diesel fuel has decreased by 320 VND, down to 19,870 VND per liter. Kerosene is 230 VND cheaper, and fuel oil is down to 16,880 VND per kilogram.

Gasoline and diesel prices have changed as follows:

Units: VND/liter or kg, depending on the type.

Thus, from the beginning of the year until now, gasoline prices have increased 16 times and decreased 14 times. Diesel prices have increased 14 times and decreased 16 times. Since the beginning of the year, each liter of RON 95 gasoline has increased by 690 VND, and diesel by 510 VND.

Similar to the previous price adjustment period, today the inter-ministerial committee did not allocate or disburse funds from the Price Stabilization Fund for fuel products. This marks the 41st consecutive period, since October 2023, that the authorities have not utilized the Price Stabilization Fund. As of the end of 2023, this fund had a surplus of over 6,655 billion VND, according to data from the Ministry of Finance.

The operator said fuel prices fluctuated last week due to new developments in the conflict in the Middle East, US crude oil inventories, and reduced demand from China.

Over the past 7 days, the price of refined gasoline has decreased by approximately 1.4-1.5%, and diesel by 1.3-2%. Accordingly, each barrel of RON 95 gasoline is down to $94.2, diesel is at $95.8, and fuel oil is at $488.8 per ton.