Prices of gasoline and oil products increase and decrease differently before and after July 1

At the price management signing ceremony this afternoon (June 26), the Ministry of Industry and Trade - Ministry of Finance announced the retail prices of 5 popular gasoline and oil products on the market before and after July 1, the time when Resolution No. 204/2025/QH15 of the National Assembly on reducing value added tax takes effect.

Gasoline prices before and after July 1 will have different adjustments. Photo: TH

According to the Ministry of Industry and Trade , the world gasoline and oil market during the period from June 19 to 25 was affected by major factors such as: Conflict between Israel and Iran in the Middle East; military conflict between Russia and Ukraine... The above factors caused the world gasoline and oil prices in recent days to fluctuate up and down depending on each product.

In response to the developments in world gasoline and oil prices, the fluctuation of the VND/USD exchange rate and current regulations, the Ministry of Industry and Trade - Ministry of Finance decided not to set aside or use the Gasoline and Oil Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene and fuel oil.

The selling prices of popular gasoline and oil products on the market before 0:00 on July 1 were as follows: E5RON92 gasoline price was 20,911 VND/liter, an increase of 280 VND compared to the adjustment period on June 19; RON95-III gasoline was 21,507 VND/liter, an increase of 263 VND/liter; diesel oil was 19,707 VND/liter, an increase of 551 VND/liter; kerosene was 19,417 VND/liter, an increase of 494 VND and mazut oil was 17,269 VND/kg, a decrease of 374 VND.

And the selling prices of popular gasoline and oil products on the market from 0:00 on July 1 are as follows: E5RON92 gasoline price is 20,530 VND/liter, down 101 VND compared to the adjustment period on June 19; RON95-III gasoline is 21,116 VND/liter, down 128 VND/liter; diesel oil is 19,349 VND/liter, up 193 VND/liter; kerosene is 19,064 VND/liter, up 141 VND and mazut oil is 16,955 VND/kg, down 688 VND.

Source: https://hanoimoi.vn/gia-cac-mat-hang-xang-dau-tang-giam-khac-nhau-truoc-va-sau-ngay-1-7-706882.html