According to a survey at 6:15 am on March 9, world gasoline and oil prices simultaneously increased sharply, exceeding the 100 USD/barrel mark. WTI oil price reached 106.83 USD/barrel, up 15.93 USD/barrel, equivalent to an increase of 17.52%. Brent oil was at 106.57 USD/barrel, up 13.88 USD/barrel, equivalent to an increase of 14.97%.
According to the Ministry of Industry and Trade, in the face of the complicated developments of world gasoline and oil prices, VND/USD exchange rate fluctuations and current regulations, implementing Resolution No. 36/NQ-CP dated March 6, 2026 of the Government on the Regular Government Meeting in February 2026, the inter-Ministry of Industry and Trade - Finance decided on a gasoline and oil price management plan to ensure domestic gasoline and oil price fluctuations in accordance with world gasoline and oil price fluctuations.
At the same time, continue to maintain the price difference between E5RON92 bio-gasoline and RON95 mineral gasoline at a reasonable level to encourage the use of biofuels according to the Government's policy; ensure harmony of interests between market participants.
Accordingly, the world gasoline and oil market in the operating period last week (from March 5, 2026 - March 6, 2026) was affected by key factors such as: the military conflict between the US, Israel and Iran continues; Iran continues to blockade the Strait of Hormuz; some oil refineries in the Middle East, China, India have had to temporarily stop or reduce production capacity; some countries such as China, Japan, Thailand have implemented measures to temporarily suspend or restrict fuel exports to prioritize domestic demand; fuel hoarding sentiment is taking place in most countries; military conflict between Russia and Ukraine is still taking place...
The Ministry of Industry and Trade assesses that the above factors have made gasoline and oil in the world become scarce, and world gasoline and oil prices have continued to increase in recent days (except for kerosene after a sudden increase on March 4, 2026, which is trending downwards).
According to a representative of a gasoline and oil business, domestic gasoline and oil prices will fluctuate according to the world gasoline and oil situation. According to current market developments, it is predicted that in the next price adjustment period, retail gasoline and oil prices may increase sharply.
Previously, in the adjustment session on March 7, 2026, gasoline and oil prices simultaneously increased sharply compared to the price adjustment period last week. In which, E5 RON 92 gasoline priced at 25, 226 VND/liter (up 3, 777 VND/liter). RON 95-III gasoline priced at 27, 047 VND/liter (up 4, 707 VND/liter).
Diesel oil 0.05S is priced at 30. 239 VND/liter (up 7. 207 VND/liter); kerosene has a new price of 35. 091 VND/liter (up 8. 490 VND/liter); mazut oil 180CST 3.5S is priced at 21,327 VND/kg (up 3,831 VND/kg).
