Retail fuel prices lowered from July 1 due to VAT reduction
Retail fuel prices have been lowered starting from July 1 as the National Assembly’s Resolution No. 204/2025/QH15 on value-added tax (VAT) reduction takes effect.
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| Fuel prices lowered from July 1 following VAT reduction. |
Accordingly, the maximum retail price of E5 RON92 petrol has been set at 20,530 VND (0.79 USD) per litre, down 381 VND from June 30.
The price of RON95-III petrol is now capped at 21,116 VND per litre, a decrease of 391 VND.
Diesel 0.05S is priced at no more than 19,349 VND per litre, down 358 VND while kerosene has been reduced to a maximum of 19,064 VND per litre.
Meanwhile, mazut 180CST 3.5S has been lowered by 314 VND to 16,955 VND per kg.
(Source: VNA)
