On May 16, 2024, the Ministry of Industry and Trade issued Circular No. 3250/BCT-TTTN regarding the management of petroleum business operations.
The Ministry of Industry and Trade announces the base prices for commonly consumed petroleum products in the market as follows:
- E5RON92 Gasoline: Reduced by 508 Vietnamese dong per liter, now priced at 22,115 Vietnamese dong per liter.
- RON 95-III Gasoline: Reduced by 409 Vietnamese dong per liter, now priced at 23,135 Vietnamese dong per liter.
- Diesel 0.05S: Increased by 26 Vietnamese dong per liter, now priced at 19,873 Vietnamese dong per liter.
- Kerosene: Increased by 207 Vietnamese dong per liter, now priced at 19,908 Vietnamese dong per liter.
- Mazut 180 CST 3.5S: Reduced by 85 Vietnamese dong per liter, now priced at 17,418 Vietnamese dong per liter.
Regarding the adjustment of selling prices for petroleum products: Petroleum business entities, including both primary distributors and retailers, must implement the price adjustments no later than 3:00 PM on May 16, 2024, for reduced-price products and no earlier than 3:00 PM on the same date for increased-price products.
