Fuel prices will drop sharply from 0:00 on March 27, 2026.
Fuel prices dropped sharply from 0:00 on March 27, 2026, following a new price adjustment by the Ministry of Industry and Trade and the Ministry of Finance. RON 95 gasoline decreased by 5,620 VND/liter to 24,330 VND/liter — the deepest reduction in this adjustment.
New fuel price list effective from 0:00 on March 27, 2026.
The Ministry of Industry and Trade and the Ministry of Finance have adjusted retail gasoline and diesel prices, effective from 0:00 on March 27th. Specifically, the maximum retail prices for major petroleum products after the adjustment are as follows:
| Item | New prices effective from 00:00 on March 27th. | Reduction |
|---|---|---|
| RON 95 gasoline | 24,330 VND/liter | - 5,620 |
| E5 RON 92 gasoline | 23,320 VND/liter | - 4,750 |
| Diesel | 35,440 VND/liter | - 2,450 |
| Oil | 35,380 VND/liter | - 970 |
| Fuel oil | 21,740 VND/kg | + 1,500 |
Thus, most fuel products have decreased in price, except for...Fuel oil was the only commodity that increased in price.During this price adjustment period, the price increased by 1,500 VND/kg to 21,740 VND/kg.
Prime Minister's Decision 482: Exemption from environmental protection tax, special consumption tax, and value-added tax for gasoline and diesel.
The sharp drop in gasoline and diesel prices today, March 27, 2026, is due to the direct impact of...Decision 482 dated March 26th by the Prime MinisterRegarding the application of taxes when necessary for the national interest. The decision is effective from 0:00 on March 27th until the end of April 15th, 2026, with three main points:
Environmental protection tax:The tax rates on gasoline (excluding ethanol), diesel, and aviation fuel have been adjusted.0 VND/liter.
Value Added Tax (VAT):Petroleum productsNo VAT declaration or payment required.However, input tax is still deductible. This is a special measure that directly reduces retail prices at gas stations.
Excise tax:The tax rates for all types of gasoline have been adjusted.0%.
Simultaneously exempting three types of taxes—environmental protection tax, value-added tax, and special consumption tax—is an unprecedented measure, reflecting the government's very strong intervention to bring fuel prices down amidst soaring global oil prices due to conflict in the Middle East.
Price stabilization fund depleted: From 5,600 billion VND down to 320 billion VND in half a month.
One notable point in today's fuel price adjustment (March 27, 2026) is the regulatory agency.Not only using the Fuel Price Stabilization Fund (BOG)Previously, the Ministry of Industry and Trade and the Ministry of Finance had used the Price Stabilization Fund.8 consecutive price adjustmentsto cool down the rising price of fuel domestically.
The data shows an extremely rapid decline in the BOG Fund. Before March 10th, the Fund's balance was still at over [amount].5,600 billion VNDAfter maintaining the balance for two years, however, at today's adjustment, the balance is only about...320 billion VNDIn just the past half month, the Fuel Price Stabilization Fund has spent approximately...5,300 billion VNDto lower domestic fuel prices — an unprecedented rate of spending.
According to calculations by the Ministry of Industry and Trade earlier this month, at this rate of spending, the fund's capacity is rapidly shrinking and could be completely exhausted by the end of March. The fact that the fuel price stabilization fund was not used in today's price adjustment shows that this financial tool has almost run out of room for intervention, and the government has had to resort to stronger measures such as direct tax exemptions to continue controlling fuel prices.
