Contrary to expectations, gasoline prices unexpectedly remained the same but oil prices exceeded 23,000 VND/liter

From 3:00 p.m. on September 11, 2023, the prices of oil products have had a relatively strong adjustment while gasoline prices have remained unchanged.

According to the Ministry of Industry, Trade and Finance, in this adjustment period, each liter of gasoline E5 Ron 92 and Ron 95 will not change, but diesel and kerosene products will also be adjusted depending on the type, specifically:

  • E5 Ron 92 gasoline remains the same, the selling price does not exceed 23,470 VND/liter
  • Ron 95 gasoline remains the same, the selling price is not higher than 24,870 VND/liter
  • Diesel increased by 410 VND/liter, selling price no higher than 23,050 VND/liter
  • Kerosene increased by 370 VND/liter, selling price not higher than 23,180 VND/liter
  • Fuel oil remains the same, the selling price is not higher than 17,700 VND/kg


During this executive period, the inter-ministries do not appropriate and do not spend the stabilization fund for diesel and kerosene. The management agency uses the stabilization fund for two products: gasoline and fuel oil. Thus, the continuous increase chain of domestic gasoline products stopped at 6 times.

From the beginning of the year until now, gasoline prices have undergone 26 adjustments, including 15 increases, 7 decreases and 4 times remaining unchanged. In addition, world prices in the past half month increased sharply due to concerns about tighter supply when Russia intended to extend cuts in oil export output.

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