Written by: Suhaib Shams
Starting from 10:00 PM on November 3, 2026, fuel prices in Vietnam generally decreased, as gasoline and diesel prices dropped while the price of fuel oil rose, according to a document issued by the Ministry of Industry and Trade to wholesalers and distributors.
New Price Details
The maximum price for E5RON92 gasoline was set at 23,203 VND/liter, a decrease of 1,020 VND/liter from the previous price. As for E10RON95-III gasoline, its maximum reached 23,231 VND/liter, down 928 VND/liter. The price of 0.05S diesel decreased to 28,876 VND/liter, a decline of 1,370 VND/liter. In contrast, the price of 180CST 3.5S fuel oil rose to 23,974 VND/kg, an increase of 378 VND/kg.
Adjustment Mechanism and Stabilization Fund
The Ministry of Industry and Trade clarified that during this price adjustment period, no amounts were disbursed from the fuel price stabilization fund. The regulatory authority allocated amounts to the fund at a rate of 700 VND/liter for gasoline, and zero for diesel and fuel oil. This comes after the reduction of the special consumption tax rate on gasoline to 0% effective November 1, 2026, pursuant to Government Decree No. 45/2026/NQ-CP.
Control Measures and Regulatory Decisions
Companies will undertake to adjust their prices in accordance with current decrees and circulars regarding the management of the petroleum sector and the use of the price stabilization fund. The Ministry of Industry and Trade is coordinating with relevant authorities to inspect and monitor petroleum traders' compliance with their responsibilities in ensuring market supply, while dealing strictly with any violations. The Ministries of Industry and Trade and Finance continue to monitor market developments to announce appropriate prices and provide immediate solutions to the Government and the Prime Minister regarding price stabilization measures.
