HCMC – Fuel retail activity in Hanoi City remained stable with no supply disruptions after domestic fuel prices rose sharply on March 5, including a more than VND7,000-per-liter increase in kerosene, reported the Vietnam News Agency.
Field observations across Hanoi showed normal operations at fuel stations after the adjustment. Stations along major streets such as Tran Hung Dao, Nguyen Trai, Giai Phong and Pham Van Dong continued selling fuel as usual.
Traffic at gas stations did not increase significantly. There were no long lines or signs of stockpiling.
Staff at a gas station in Cua Nam Ward reported that customer volume in the afternoon was similar to previous days. Most buyers were motorcycle and private car owners.
Fuel supply across the capital city remained stable. Fuel distributors had prepared inventories in advance, preventing disruptions to retail operations.
Some residents noted that repeated fuel price increases could raise transportation and logistics costs, particularly for small businesses. In the short term, the latest adjustment has not significantly changed consumer purchasing habits.
Domestic fuel prices have been revised several times since the start of the year, including six increases and four decreases. The latest adjustment marks the second consecutive increase.
During this price adjustment cycle, regulators did not allocate or use the fuel price stabilization fund. Authorities indicated the adjustment followed market developments to ensure supply and maintain stable fuel trading.
After the adjustment, the retail price of E5 RON92 gasoline rose by VND1,926 to VND21,449 per liter. RON95-III increased by VND2,189 to of VND22,340 per liter.
Oil products recorded larger increases. Diesel picked up by VND3,758 to VND23,037 per liter. Kerosene surged by VND7,132 to VND26,601 per liter. Heavy oil climbed by VND1,807 to VND17,496 per kilogram.
