Vietnam petrol price today: E5 RON 92 falls to 20,890 dong a litre

What changed. From 3 pm on November 5 (Vietnam time, GMT+7) the Ministry of Industry and Trade and the Ministry of Finance cut retail fuel prices again. E5 RON 92 petrol fell 2,310 dong to 20,890 dong a litre. E10 RON 95-III fell 2,080 dong to 21,150. E10 RON 95-V fell 1,580 dong to 22,650. Diesel 0.05S and kerosene each fell 180 dong, to 28,690. Petrolimex published its own new price table the same day. It holds until the next round.

Why petrol fell more than diesel. The ministries use the average world price of finished fuel between two pricing dates. Between the November 3 and November 5 rounds, world RON 92 averaged $112.615 a barrel, down 11.61%. RON 95 averaged $113.865, down 10.98%. Diesel averaged $163.595, down only 0.44%. That matches the pump: a big cut for petrol, a small one for diesel.

Oil and tax together. This is the third cut in a row since the start of November. In total E5 RON 92 is down more than 5,100 dong a litre and E10 RON 95-III almost 4,600. Part of that is policy, not oil: from November 1 the special consumption tax on all petrol is 0% until the end of March 2027, under Resolution 45/2026/NQ-CP. We covered that cut on October 31. This story is about the newer round. The ministries also resumed paying into the Price Stabilisation Fund, 700 dong a litre on biofuel petrol and 500 dong a kilogram on mazut, and they spend nothing from it on any product.

World oil. Brent was heading for a weekly fall of 15% to 17%, depending on the source, and WTI for about 13%. LSEG data back to 1988 show that a 17% fall would be the biggest weekly drop in percentage terms since the start of COVID. Democrats won both houses of the US Congress in the midterms, which raised hopes that the conflict with Iran would ease. Phil Flynn of Price Futures Group called it a shrinking war risk premium. On Friday, November 6, Brent for January settled at $98.32 and WTI at $90.83, according to Reuters. Laodong reports slightly lower closes.

What we don't know. The date and size of the next Vietnamese round are not in our sources. One fuel business told Laodong it expects another cut, but that is one view, not an official figure. Risks remain: new worries about more US strikes on Iran, and UKMTO data show attacks on ships in the region at close to record frequency. Petrolimex also keeps a separate region 2 price for remote areas, so check your own station. We took the ministry numbers from VOV and VnExpress, which report the joint notice.

Confirmed facts

• From 3 pm on November 5, 2026 (Vietnam time), the Ministry of Industry and Trade and the Ministry of Finance cut retail petroleum prices; Petrolimex says its new prices apply until the next ministry round.^[1][2][4]
• E5 RON 92 fell 2,310 dong to 20,890 dong a litre; E10 RON 95-III fell 2,080 dong to 21,150 dong a litre.^[2][4]
• E10 RON 95-V fell 1,580 dong to 22,650 dong a litre.^[2]
• Diesel 0.05S fell 180 dong to 28,690 dong a litre; mazut fell 1,970 dong to 22,000 dong a kilogram.^[2][4]
• Kerosene fell 180 dong to 28,690 dong a litre.^[2]
• The ministries resumed paying into the Price Stabilisation Fund: 700 dong a litre on biofuel petrol and 500 dong a kilogram on mazut. They spend nothing from the fund on any product.^[2][4]
• The average world price of finished petrol between the November 3 and November 5 rounds was $112.615 a barrel for RON 92 (down $14.798, or 11.61%) and $113.865 a barrel for RON 95 (down $14.048, or 10.98%).^[2]
• The average world price of diesel 0.05S was $163.595 a barrel, down $0.722 or 0.44%; mazut was $732.785 a tonne, down 11.29%.^[2][4]
• The ministries named the US midterm election results and Saudi Aramco's plan to expand its crude oil pipeline network as influences on the world energy market.^[4]
• Since the start of November there have been three cuts in a row; in total E5 RON 92 is down more than 5,100 dong a litre and E10 RON 95-III by almost 4,600 dong.^[4]
• From November 1 to the end of March 2027 the special consumption tax on all petrol is 0% under Resolution 45/2026/NQ-CP.^[1][4]
• VnExpress says the tax change took 1,575 to 1,804 dong off a litre of petrol and is expected to cost the budget more than 7,672 billion dong in lost revenue.^[4]
• After this round E10 petrol is back at its early-March level, when the Middle East conflict began, according to VnExpress.^[4]
• Petrolimex prices apply across its network of own stations, agents and franchisees; in remote areas (its "region 2") managers set the actual price but may not exceed the region 2 price in its table.^[1]
• On November 6 Brent for January delivery settled at $98.32 a barrel (up 3 cents, 0.03%) and WTI at $90.83 (up 31 cents, 0.34%), according to Reuters via VOV.^[2]
• Laodong reports slightly different closes for November 6: Brent $97.75 and WTI $90.34 a barrel.^[3]
• Brent was heading for a weekly fall of 17% (VOV, Reuters) or more than 15% (Laodong); WTI for about 13%.^[2][3]
• LSEG data back to 1988 show that, if kept, the Brent fall would be the biggest weekly drop in percentage terms since the start of COVID.^[2]
• Democrats won both the Senate and the House in the US midterms, which raised hopes that the conflict with Iran would ease.^[2]
• Phil Flynn of Price Futures Group described the fall as a shrinking of the war risk premium.^[2]
• Rystad analyst Janiv Shah said the crude market is moving toward oversupply as demand weakens.^[2]
• Oil also moved on new worries about more US strikes on Iran, and UKMTO data show attacks on ships in the region at close to record frequency.^[2][3]
• A fuel business representative told Laodong he expects another price cut in the next round; this is an unofficial view.^[3]

Implications

• ConfirmedRetail petrol prices in Vietnam fell from 3 pm on November 5, and diesel fell only a little.
• ConfirmedWorld prices of finished petrol fell about 11% between the two pricing dates, while diesel fell 0.44%.
• Our readingThe small diesel cut matches the small fall in the world diesel price. This is our conclusion.
• Our readingThe next Vietnamese adjustment will follow world fuel prices over its own period, so this week's oil drop may or may not carry over. This is our conclusion.

Still unknown

• The date and size of the next ministry price round
• Whether the weekly fall in oil holds if Iran tensions change
• The exact Petrolimex price table by region, which Petrolimex posts as an image
• Why closing prices for November 6 differ slightly between Reuters and Laodong

Who it affects

Vietnam, Middle East, Global. Drivers, fuel buyers, logistics firms and travellers in or heading to Vietnam, and anyone who follows oil prices

Sources

1. Petrolimex: Petrolimex điều chỉnh giá xăng dầu từ 15 giờ 00 phút ngày 05.11.2026 November 5, 2026 · official
2. VOV.VN: Giá xăng dầu hôm nay 7/11: Giá dầu thế giới chững lại sau tuần giảm mạnh November 7, 2026 · media
3. Báo Lao Động: Giá xăng dầu hôm nay 7.11: Giảm mạnh 13-15% November 7, 2026 · media
4. VnExpress: Giá xăng về sát 21.000 đồng một lít November 5, 2026 · media