HCMC – Retail gasoline prices have inched up while diesel prices have declined in the latest fuel price adjustment with effect from 3:00 p.m. today, October 16.
According to the Ministry of Industry and Trade, RON95-III gasoline now sells for VND19,903 per liter, up VND174, while E5 RON92 bio-gasoline has risen by VND88 to VND19,226 per liter.
In contrast, diesel oil has dipped by VND181 to VND18,423 per liter. Kerosene dropped VND28 to VND18,406 per liter, and heavy fuel oil fell VND437 to VND14,371 per kilogram.
The ministry said the latest price adjustment aims to align domestic fuel prices with global price movements, maintain a reasonable price gap between E5 RON92 and RON95 to encourage biofuel use, and ensure a balance of interests among stakeholders.
