Vietnam petrol price today: E5 RON 92 drops to 24,220 dong a litre

What changed. The Ministries of Industry and Trade and of Finance set new petrol prices from 00:00 on November 1, 2026, Vietnam time (17:00 UTC on October 31). Maximum retail prices as reported by Dân trí, VnExpress and VOV: E5 RON 92 costs 24,220 dong a litre (down 1,800) and E10 RON 95-III 24,150 dong (down 1,580). According to VOV, E10 RON 95-V also fell by 1,580, to 24,950 dong. Other fuels did not move: diesel 30,240 dong a litre, kerosene 30,650 dong a litre, fuel oil (mazut) 23,590 dong a kilogram.

The official numbers. The Ministry of Industry and Trade's own notice gives slightly different caps: E5 RON 92 not higher than 24,223 dong (down 1,804) and E10 RON 95-III not higher than 24,159 dong (down 1,575). The sources do not explain the few-dong gap to the press prices. We could not read the Petrolimex price table, because it was published as an image.

Why. The cause is a tax. On October 31 the government issued Resolution 45/2026/NQ-CP, which sets the special consumption (excise) tax on all petrol at 0%. It runs from November 1, 2026 to March 31, 2027. Before this, the rate was 8% for E5 and 7% for E10. The Ministry of Industry and Trade can propose shortening or extending that period. Petrolimex says it changed prices in line with the resolution and with the movement of world finished-fuel prices in the pricing cycle.

World oil is going the other way. Reuters, as cited by Dân trí, reported that Brent futures rose 2.4% to $117.64 a barrel on October 30, the highest in about six months, on fears of supply disruption in the Middle East. Brent gained 13.6% over October. So this cut is better read as a tax effect. That is our reading. The ministries also put no money into the petrol price stabilisation fund and took none out this round.

A few days earlier, petrol had gone up. From 15:00 on October 29, according to VOV, E5 RON 92 rose to 26,020 dong a litre and E10 RON 95-III to 25,730 dong.

For comparison. The ministry published neighbouring prices for October 31: Thailand 32,550 dong a litre (government subsidised), Cambodia 32,010 (government subsidised), China 36,125, Laos 48,276. Vietnam is not higher than 24,159.

Electricity. From November 1, EVN also cut its average retail electricity price by 2%, to 2,159.90 dong per kWh before VAT. VnExpress calls it the first cut in nearly 20 years, not counting Covid-19 relief. Deputy Prime Minister Nguyễn Văn Thắng said the electricity cut together with the 0% petrol excise gives about 0.07 percentage points of room to control inflation, against a 4.5% target.

Fatos confirmados

• From 00:00 on November 1, 2026, the maximum retail price of E5 RON 92 in Vietnam is 24,220 dong a litre (down 1,800) and of E10 RON 95-III 24,150 dong (down 1,580).^[3][4][5]
• In the Ministry of Industry and Trade's notice, E5 RON 92 is not higher than 24,223 dong (down 1,804) and E10 RON 95-III not higher than 24,159 dong (down 1,575).^[1]
• E10 RON 95-V fell by 1,580 dong, to 24,950 dong a litre.^[5]
• Diesel (30,240 dong a litre) and fuel oil (23,590 dong a kilogram) did not change. Kerosene stayed at 30,650 dong a litre.^[5]
• Government Resolution 45/2026/NQ-CP of October 31, 2026 sets the excise tax on all petrol at 0% from November 1, 2026 to March 31, 2027.^[1][3][4][5]
• Before this, the excise rate was 8% for E5 and 7% for E10.^[3][4]
• The period of the resolution can be shortened or extended: the Ministry of Industry and Trade can send a proposal to the Ministry of Finance.^[3][4]
• Petrolimex said it changed prices under Resolution 45/2026/NQ-CP and in line with world finished-fuel prices in the pricing cycle.^[2]
• For petrol this period, nothing was put into or taken out of the price stabilisation fund (0 dong a litre).^[1]
• Brent futures rose 2.4% to $117.64 a barrel on October 30, the highest in about six months, and gained 13.6% over October, according to Reuters.^[3]
• From 15:00 on October 29, petrol prices rose: E5 RON 92 to 26,020 dong a litre and E10 RON 95-III to 25,730 dong.^[5]
• Neighbouring prices on October 31: Thailand 32,550, Cambodia 32,010, China 36,125, Laos 48,276 dong a litre.^[1]
• EVN cut the average retail electricity price by 2%, to 2,159.90 dong per kWh before VAT (down more than 44 dong), from November 1.^[6]
• Deputy Prime Minister Nguyễn Văn Thắng said the electricity cut and the 0% petrol excise give about 0.07 percentage points of room on inflation, against a 4.5% target.^[6]

Implicações

• ConfirmadoPetrol in Vietnam got cheaper from November 1, while diesel did not change.
• ConfirmadoThe cut is tied to the 0% petrol excise, which is set to last until March 31, 2027.
• Nossa leituraThe tax relief has an end date, so the saving is not permanent. This is our reading.

Ainda não se sabe

• Why the caps in the ministry's notice differ by a few dong from the retail prices in the press
• What the Petrolimex price table shows: it was published as an image and we could not read it
• How long the 0% excise will really last, since the period can be shortened or extended
• When the next price review will be

Quem é afetado

Vietnam. Drivers, travellers and anyone following fuel costs in Vietnam

Fontes

1. Bộ Công Thương (Vietnam Ministry of Industry and Trade): Một số thông tin về việc điều hành giá mặt hàng xăng dầu ngày 31/10 31 de outubro de 2026 · oficial
2. Petrolimex: Petrolimex điều chỉnh giá xăng dầu từ 00 giờ 00 phút ngày 01.11.2026 31 de outubro de 2026 · oficial
3. Báo Dân trí: Giá xăng giảm gần 2.000 đồng/lít từ 0h ngày 1/11 31 de outubro de 2026 · mídia
4. VnExpress: Giá xăng giảm gần 1.600 đồng một lít 31 de outubro de 2026 · mídia
5. VOV.VN: Các mặt hàng xăng đều giảm từ 0 giờ ngày 1/11 31 de outubro de 2026 · mídia
6. VnExpress: Giá điện giảm 2% từ ngày 1/11 31 de outubro de 2026 · mídia