On July 31, Vietnam’s Ministry of Industry and Trade, in coordination with the Ministry of Finance, announced an upward adjustment in retail fuel prices. The price of RON 95-III gasoline—the most widely used fuel in the country—increased by VND 140 per liter to VND 19,840. E5 RON 92 also rose by VND 130, now priced at VND 19,400 per liter.
Conversely, diesel prices saw a slight drop of VND 60 per liter to VND 19,060. Kerosene is now priced at VND 18,710 per liter, while mazut stands at VND 15,530. Compared to the July 24 adjustment, this marks a reversal, as gasoline had previously fallen by VND 210–220 per liter while diesel surged by VND 330 per liter.
Alongside the pricing update, the Ministry of Industry and Trade confirmed the completion of a comprehensive review of Decision 53/2012, which outlines the roadmap for blending biofuels with traditional gasoline. The ministry is now accelerating the transition toward E10—a gasoline blend containing 10% ethanol.
Major fuel producers and distributors have been directed to invest in the necessary infrastructure, equipment, and logistics to ensure readiness for the production, blending, and nationwide distribution of E10 fuel.
Starting August 1, 2025:
PetroVietnam Oil Corporation (PVOil) will begin offering E10 at its retail stations in Hanoi and Hai Phong.
Vietnam National Petroleum Group (Petrolimex) will distribute E10 across 36 of its retail outlets in Ho Chi Minh City (pre-merger system).
This expansion of E10 availability marks a significant move in Vietnam’s commitment to sustainable development and carbon emissions reduction. According to the national energy transition roadmap, E10 is expected to fully replace conventional gasoline across the country by January 1, 2026.
While the shift garners strong support from regulators and environmental advocates, it also presents operational challenges for fuel retailers and adaptation hurdles for consumers unfamiliar with ethanol-blended fuel.
Given ongoing volatility in global oil markets due to geopolitical tensions and supply constraints, Vietnam’s twin strategy of price control and fuel diversification through biofuel adoption provides both short-term relief and long-term energy security.
To ensure the successful nationwide adoption of E10, experts suggest enhancing public awareness campaigns, maintaining transparency around fuel quality and engine compatibility, and offering initial incentives for both distributors and consumers.
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