On May 23, 2018, the Ministry of Industry and Trade issued Official Dispatch No.4057/BCT-TTTN regulating the petroleum business management. The Official Dispatch took effect from the date of its promulgation.

Accordingly, Dispatch No.4057/BCT-TTTN stipulates:

1. Announcement of basic price of common petrol products to be sold on the market:

– E5 RON 92 petrol: 21,365 VND/liter;

– RON 95 III petrol: 22,342 VND/liter;

– 0.05S diesel oil: 17,994 VND/liter;

– Paraffin: 16,640 VND/liter;

– 180CST 3.5S Mazut: 14,637 VND/kg.

2. To keep the level of deduction for the petrol and oil price stabilization fund for current petrol and oil items; payment of petrol and oil price stabilization charges for petrol and oil items:

– E5 RON 92 petrol:  1,425 VND/liter;

– RON 95 III petrol: 831 VND/liter;

– 0.05S diesel oil: 300 VND/liter;

– Paraffin: 200 VND/liter;

– 180CST 3.5S Mazut: 200 VND/kg.

3. After setting aside and spending the petrol price stabilization fund as mentioned above, the price of common petrol products to be sold on the market shall no more than:

– E5 RON 92 petrol: not higher than 19,940 VND/liter;

– RON 95 III petrol: not higher than 21,511 VND/liter;

– 0.05S diesel oil: not higher than 17,694 VND/liter;

– Paraffin: not higher than 16,440 VND/liter;

– 180CST 3.5S Mazut: not higher than 14,437 VND/kg.

Through the regulations on petrol prices in Official Dispatch No.4057/BCT-TTTN, it can be seen that the Ministry of Industry and Trade has made flexible adjustments and consistent with the evolution of prices of petroleum products on the world market in recent times.