Fuel prices cut due to value-added tax reduction
Sandy Verma | July 1, 2025 4:24 PM CST
Retail fuel prices have been lowered starting Tuesday as a National Assembly resolution on value-added tax reduction took effect.
The maximum retail price of biofuel E5 RON92 was set at VND20,530 (US$0.79 USD) per liter, down 1.82% from Monday.
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An employee refills a motorbike at a fuel station in Ho Chi Minh City. Photo by Read/Quynh Tran |
The price of popular fuel RON95 was capped at VND21,116, also down 1.82%.
Diesel was priced at no more than VND19,349 per liter, down 1.95%.
Mazut was lowered by 1.82% to VND16,955 per kilogram.
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