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petroleum market
Latest news related to the petroleum market.
Introducing E10 gasoline from June 1st: A solution to reduce logistics costs and promote green energy.
From June 1st, E10 RON 95-III gasoline will officially replace conventional gasoline nationwide. The Deputy Minister of Industry and Trade affirmed that this roadmap will help reduce logistics costs and promote green energy.
Market
The capacity to blend E10 gasoline has reached over 1 million m3/month, ready for supply from June 1, 2026.
The E10 bioethanol blending system currently has a capacity of over 1 million m3/month, exceeding the country's consumption needs. The Ministry of Industry and Trade affirms that the distribution infrastructure is ready for the roadmap...
The Ministry of Industry and Trade has released a handbook guiding the use of E10 bioethanol fuel.
The new document provides comprehensive information on the benefits, technical standards, and important considerations to help consumers optimize the efficiency of using E10 gasoline.
E10 gasoline will replace RON 95-III from June 1st: The Petroleum Association affirms its safety for engines.
From June 1st, E10 bioethanol fuel will completely replace RON 95-III on the market. The VINPA chairman affirmed that this type of fuel does not harm engines if the vehicle is properly maintained...
E10 gasoline will replace RON 95 mineral gasoline from June 1st: Confirmation of engine compatibility.
From June 1st, E10 bioethanol fuel will officially completely replace RON 95-III mineral gasoline. Experts affirm that this type of fuel is safe if vehicles are properly maintained.
E10 gasoline will officially replace RON95 gasoline from June 1, 2026.
From June 1st, 2026, Vietnam will officially distribute E10 bioethanol fuel nationwide, replacing RON95 gasoline, marking a significant step in its green energy roadmap.
E10 bioethanol fuel is safe for engines and will be rolled out nationwide from June 1, 2026.
The Ministry of Industry and Trade and the Vietnam Automobile Manufacturers Association affirm that E10 gasoline is well-compatible with modern engines, and no negative feedback has been recorded after the pilot phase.
The Ministry of Industry and Trade is closely monitoring the roadmap for supplying E10 bioethanol fuel starting from June 1st.
May 19, 2026 13:29
The Department of Domestic Market Management and Development requires provinces and cities to ensure the infrastructure and supply of E10 gasoline, absolutely preventing any disruptions.
Ministry of Industry and Trade: Monitoring to avoid delays and disruptions in the supply of E10 gasoline.
May 19, 2026 11:17
The Ministry of Industry and Trade has requested that localities closely monitor and supervise the transition to E10 bioethanol fuel starting from June 1st, ensuring that there are absolutely no delays or disruptions in the supply.
Asian fuel exports fall by nearly 3 million barrels per day due to tensions in the Strait of Hormuz.
May 11, 2026 09:01
Kpler data shows that Asian jet and diesel fuel exports hit a multi-year low in April 2026, while prices in Singapore surged 70%.
RON95 gasoline prices have dropped sharply by nearly 3,000 VND/liter, while some types of diesel have seen reductions of up to nearly 10,000 VND/liter.
April 9, 2026 16:13
Gasoline and diesel prices were significantly reduced in today's price adjustment. RON95 gasoline dropped by nearly 3,000 VND/liter, and diesel decreased by almost 10,000 VND/liter.
With sharply rising construction material prices, estimated costs for transportation projects are expected to increase by more than 8%.
April 8, 2026 10:02
The Ministry of Construction reported that the price of asphalt has increased by nearly 32%, and the prices of sand and stone materials have increased by up to 23.3%. This fluctuation is estimated to increase the cost estimates for transportation projects by more than 8%.
The Ministry of Industry and Trade is adjusting the energy plan and improving the mechanism for importing and stockpiling petroleum products.
March 23, 2026 13:03
Decision 363/QD-BCT aims to operate a competitive and transparent petroleum market, while establishing a specific reserve mechanism to ensure energy security.
Ensuring stable fuel supply and prices in the new situation.
March 21, 2026 15:08
On behalf of the Politburo, Comrade Tran Cam Tu, Politburo member and Standing Secretary of the Central Committee, has just signed and issued Conclusion No. 14-KL/TW dated March 20, 2026, on ensuring stable fuel supply and prices...
Roadmap for adopting E10 bioethanol fuel from June 2026: A solution to ensure energy security.
March 20, 2026 19:02
Vietnam will implement the blending of E10 bioethanol fuel in 2026 according to Circular 50/2025/TT-BCT, helping to reduce carbon emissions by 6-8% and increase national energy self-reliance.
Strictly punish acts of smuggling, trade fraud, and illegal transportation of gasoline and oil across the border.
March 20, 2026 09:14
The Government Office has just issued Official Letter No. 2389/VPCP-VI dated March 19, 2026, conveying the directives of Deputy Prime Minister Bui Thanh Son - Head of the National Steering Committee for Anti-Smuggling,...
The price of E5RON92 gasoline decreased by 447 VND, while RON95-III increased by 335 VND, effective from 10 PM on March 12th.
March 14, 2026 12:02
From 10 PM on March 12, 2026, the price of E5RON92 gasoline decreased to 22,504 VND/liter, while RON95-III gasoline and other types of diesel fuel simultaneously increased in price. The Ministry of Industry and Trade - Ministry of Finance continued to spend heavily...
Fuel prices remained unchanged in the price adjustment session on the night of March 13th.
March 14, 2026 06:55
Fuel prices remain unchanged according to the latest decision issued by the inter-ministerial committee on the night of March 13th. RON95-III gasoline is priced at over 25,000 VND/liter.
Fuel prices dropped sharply across the board from 10 PM on March 11th, with kerosene falling by nearly 8,000 VND/liter.
March 14, 2026 06:00
The Ministry of Industry and Trade and the Ministry of Finance have just announced a significant reduction in retail prices for petroleum products, effective from the night of March 11, 2026, with the largest reduction recorded for kerosene.
China will halt gasoline and diesel exports in March 2026 to ensure domestic supply.
March 13, 2026 08:30
China's National Development and Reform Commission (NDRC) has instructed refineries to temporarily halt exports of refined fuels to prevent potential shortages stemming from geopolitical tensions.
The government will reduce import taxes on gasoline and diesel to 0% under Decree 72, effective from March 9, 2026.
March 13, 2026 05:29
According to Decree 72/2026/ND-CP, preferential import tax on gasoline, diesel, and raw materials for production will be reduced to 0% from March 9th to April 30th, 2026, in order to stabilize the market.
Gasoline prices decreased by nearly 4,000 VND/liter, and kerosene prices decreased by nearly 8,000 VND from 10 PM on March 11th.
March 12, 2026 08:01
The Ministry of Industry and Trade and the Ministry of Finance have simultaneously adjusted down the prices of all petroleum products from the night of March 11, 2026, with the sharpest reduction recorded for kerosene.
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