According to updates at 11:46 AM on April 6, WTI oil price was at 111.34 USD/barrel, down 0.2 USD/barrel, equivalent to a decrease of 0.18%. Brent oil was at 109.73 USD/barrel, up 0.70 USD/barrel, equivalent to an increase of 0.64%.
Brent oil prices rose on Monday due to concerns about continued supply shortages due to disruptions in transportation in important oil production areas in the Middle East from the war between the US and Israel with Iran.
In the last trading session last week, WTI oil prices rose more than 11% and Brent oil prices jumped nearly 8% in a volatile trading session, recording the largest absolute price increase since 2020, when US President Donald Trump announced that he would continue attacks on Iran.
Domestically, gasoline and oil prices on April 6 are currently applied at:
- E5RON92 gasoline: not higher than 25,428 VND/liter.
- Gasoline RON95-III: not higher than 26, 976 VND/liter.
- Diesel oil 0.05S: not higher than 44.788 VND/liter.
- 180CST 3.5S mazut oil: not higher than 24,593 VND/kg.
Vietnam's gasoline and oil prices are at an average level and lower than countries sharing the same border, except for oil prices higher than China and Thailand. According to data in the price adjustment session on April 3, 2026, the selling prices of gasoline and oil in neighboring Vietnam countries are as follows:
Regarding gasoline prices: Singapore: 70. 328 VND/liter; Thailand: 35. 468 VND/liter (Government subsidies); Cambodia: 35. 849 VND/liter (Government subsidies); Laos: 50. 112 VND/liter; China: 34, 827 VND/liter (Government price control); Vietnam: 26, 976 VND/liter.
Regarding oil prices: Singapore: 86,985 VND/liter; Thailand: 38,525 VND/liter (Government subsidies); Cambodia: 49,293 VND/liter; Laos: 61,632 VND/liter; China: 31,733 VND/liter (Government price control); Vietnam: 44,788 VND/liter.
According to the Ministry of Industry and Trade, the world gasoline and oil market in the past operating period was affected by key factors such as: Military conflict between the US, Israel and Iran continues to occur, increasing tensions appear when the US President declares that he will continue to attack Iran and Iran takes retaliatory actions; Iran continues to control the Strait of Hormuz; Houthi forces in Yemen, Hezbollah in Lebanon attack Israel; military conflict between Russia and Ukraine continues to occur...
In the above context, Vietnam has flexibly combined the Price Stabilization Fund, adjusted taxes and fees and dynamic operating mechanisms to protect consumers, maintain macroeconomic stability and avoid long-term budget burdens.
According to the Domestic Market Management and Development Department (Ministry of Industry and Trade), the gasoline and oil price stabilization fund was activated up to 9 times in just one month, with a total estimated expenditure of 5,300 billion VND (about 217 million USD). This is the first time in history that the state budget has been directly advanced to the Fund - with a scale of 8,000 billion VND (about 303 million USD) according to Decision No. 483 signed by the Prime Minister on March 27.
In parallel with the Price Stabilization Fund, the Government is implementing many simultaneous fiscal tools: Preferential import tax to 0% for some gasoline and oil items from March 9 to April 30, 2026; Environmental protection tax to 0% for gasoline (excluding ethanol), diesel and aviation fuel from midnight March 26 to April 15; Special consumption tax on gasoline reduced from 8 - 10% to 0%; VAT declaration exemption while still deducting input tax.
Regarding the operating mechanism, an important breakthrough is that from March 6, the inter-ministry of Industry and Trade - Finance is allowed to adjust prices immediately when the base price increases by over 7% - without waiting for the end of the 7-day cycle. By March 19, according to Resolution 55, this mechanism is even more flexible: allowing adjustments within one day if fluctuations exceed 15%.
