Update on gasoline and oil prices on July 16: Fluctuations

    Thạch Lam |

    Update on gasoline and oil prices on July 16: At 8:50 PM, world oil prices simultaneously increased.

    At 8:50 PM on July 16, world oil prices simultaneously increased. WTI oil price was at 79.88 USD/barrel, up 0.28 USD/barrel, equivalent to an increase of 0.35%. Brent oil was at 85.29 USD/barrel, up 0.34 USD/barrel, equivalent to an increase of 0.40%.

    World oil prices continued to increase in the trading session on July 16, extending the upward momentum to the third consecutive session.

    In this afternoon's operating session, the inter-Ministry of Industry and Trade - Finance decided to spend using the gasoline and oil price stabilization fund (appeal fund from the state budget).

    - Biofuel: 0 VND/liter;

    - Diesel oil: 1,500 VND/liter;

    - Mazut oil: 500 VND/kg.

    After implementing the provision and use of the gasoline and oil price stabilization fund for the above-mentioned gasoline and oil items, the selling prices of popular consumer gasoline and oil items on the market from 3:00 PM today are as follows:

    - E5RON92 gasoline: not higher than 19,826 VND/liter (an increase of 635 VND/liter compared to the current maximum selling price), lower than E10RON95-III gasoline by 724 VND/liter;

    - E10RON95-III gasoline: not higher than 20,550 VND/liter (an increase of 547 VND/liter compared to the current maximum selling price);

    - Diesel oil 0.05S: not higher than 23,329 VND/liter (an increase of 1,584 VND/liter compared to the current maximum selling price);

    - 180CST 3.5S mazut oil: not higher than 14,459 VND/kg (an increase of 724 VND/kg compared to the current maximum selling price).

    Gasoline and oil selling prices of neighboring countries of Vietnam on July 16, 2026:

    - Regarding gasoline prices: Thailand: 27,391 VND/liter (Government subsidies); Cambodia: 25,354 VND/liter (Government subsidies); Laos: 42,648 VND/liter; China: 29,175 VND/liter (Government price control); Vietnam: 20,550 VND/liter.

    - Regarding oil prices: Thailand: 27,391 VND/liter (Government subsidies); Cambodia: 27,955 VND/liter; Laos: 33,924 VND/liter; China: 26,234 VND/liter (Government price control); Vietnam: 23,329 VND/liter. Vietnam's gasoline and oil prices are currently lower than countries sharing the same border.

    Thạch Lam
    RELATED NEWS
    Gasoline and oil prices fluctuate from 3 pm today. Photo: Hai Nguyen

    Gasoline and oil prices fluctuate from 3 pm today

    |

    The Ministry of Industry and Trade - Finance uses the gasoline and oil price stabilization fund for diesel oil at 1,500 VND/liter; mazut oil at 500 VND/kg.

    Retail gasoline and oil prices today, July 16, remain stable after the adjustment period on July 9. Photo source: Hai Nguyen

    Retail gasoline and oil prices today, July 16

    |

    Retail gasoline and oil prices today, July 16th, at the Petrolimex system remain stable according to the price from 3:00 PM on July 9th of the inter-Ministry of Industry and Trade - Finance.

    Mr. Nguyen Anh Tuan - Member of the Party Central Committee, Chairman of the Vietnam General Confederation of Labor working with the Standing Committee of the Da Nang City Labor Federation. Photo: Da Nang Trade Union provided

    Da Nang Trade Union dynamic, creative, daring to think and dare to do

    |

    Mr. Nguyen Anh Tuan - Member of the Party Central Committee, Chairman of the Vietnam General Confederation of Labor assessed Da Nang Trade Union as dynamic, creative, daring to think and dare to do, achieving many outstanding results.

    After National Highway 12 section passing through Lai Chau landslides, vehicles will have to go hundreds of kilometers around. Illustrative photo by AI

    Vehicles have to travel hundreds of kilometers after National Highway 12 landslide

    |

    Lai Chau - Department of Construction adds 3 traffic diversion plans after landslide incident causing National Highway 12 to be cut off.

    VN-Index had a strong increase session thanks to the support of Vingroup stock group. Photo: Le Toan-DSC Securities Company

    VN-Index increases by 22 points thanks to Vingroup stocks

    |

    The stock market fell into a state of "green shell, red core", but VN-Index had a spectacular reversal.

    Reducing administrative procedures and business conditions will create favorable conditions for people and businesses. Photo: Hai Nguyen

    It is expected to cut dozens of administrative procedures, saving nearly 190 billion VND

    |

    The draft Law and draft documents detailing the reduction of dozens of administrative procedures and business conditions; equivalent to a reduction of 904 days.