Gasoline prices will decrease by up to 200 VND per liter, while diesel prices will increase from 3 PM on February 20, 2026.
The Ministry of Industry and Trade and the Ministry of Finance have adjusted down the prices of E5RON92 and RON95 gasoline, while the prices of other petroleum products have increased slightly from the afternoon of February 20, 2026.
According to a decision by the Ministry of Industry and Trade and the Ministry of Finance, from 3:00 PM on February 20, 2026, the retail prices of gasoline in the domestic market will be adjusted downwards. Conversely, the prices of other fuels such as diesel, kerosene, and fuel oil will all increase slightly compared to the previous price adjustment period.
Details of retail gasoline and diesel prices from the afternoon of February 20th.
After implementing the allocation and utilization plans for the Price Stabilization Fund (BOG), the retail prices of commonly consumed petroleum products on the market are specifically regulated as follows:
- E5RON92 gasoline:Not exceeding 18,634 VND/liter (a decrease of 200 VND/liter).
- RON95-III gasoline:Not exceeding 19,152 VND/liter (a decrease of 146 VND/liter).
- Diesel fuel 0.05S:Not exceeding 18,525 VND/liter (an increase of 62 VND/liter).
- Oil:Not exceeding 18,615 VND/liter (an increase of 103 VND/liter).
- Fuel oil 180CST 3.5S:Not exceeding 15,862 VND/kg (an increase of 293 VND/kg).
Developments in the global oil market
The global oil market during the pricing period from February 12th to February 19th, 2026, witnessed mixed developments. Key influencing factors included: the International Energy Agency (IEA) lowering its forecast for global oil demand growth; a sharp increase in US crude oil inventories; and escalating geopolitical tensions between the US and Iran, as well as the ongoing conflict between Russia and Ukraine.
The average price of refined petroleum products in the world between the two price adjustment periods was recorded as follows:
| Item | Average price | Fluctuations |
|---|---|---|
| RON92 gasoline | 73,570 USD/barrel | A decrease of 1.62% |
| RON95 gasoline | 75,725 USD/barrel | A decrease of 1.12% |
| Oil | $87,905 per barrel | An increase of 0.53% |
| Diesel fuel 0.05S | $87,755 per barrel | An increase of 0.25% |
| Fuel oil | 435,653 USD/ton | An increase of 2.28% |
Managing the Fuel Price Stabilization Fund
During this price adjustment period, the Inter-Ministerial Committee decided not to allocate funds to or utilize the Fuel Price Stabilization Fund (BOG) for all products, including E5RON92 gasoline, RON95 gasoline, diesel fuel, kerosene, and fuel oil.
This price adjustment aims to ensure that domestic gasoline and diesel prices fluctuate in line with the world market, maintaining a reasonable difference between E5RON92 bio-gasoline and RON95 mineral gasoline to encourage the consumption of environmentally friendly fuels in accordance with the Government's policy.
