According to a survey at 2:37 PM on March 30, world oil prices simultaneously increased. WTI oil price was at 101.86 USD/barrel, up 2.22 USD/barrel, equivalent to an increase of 2.23%. Brent oil was at 108.88 USD/barrel, up 3.56 USD/barrel, equivalent to an increase of 3.38%.
Previously, gasoline and oil prices in the operating session on March 26, 2026 were as follows:
- E5RON92 gasoline: not higher than 23,326 VND/liter.
- RON95-III gasoline: not higher than 24,332 VND/liter.
- Diesel oil 0.05S: not higher than 35. 440 VND/liter.
not higher than 35. 384 VND/liter.
- 180CST 3.5S mazut oil: not higher than 21, 748 VND/kg.
According to the Ministry of Industry and Trade, the world gasoline and oil market in this operating period is affected by key factors such as: Military conflict between the US, Israel and Iran continues to take place; information about US-Iran negotiations to end the conflict; US crude oil inventories increase sharply; military conflict between Russia and Ukraine still takes place... The above factors caused world finished gasoline and oil prices on March 25, 2026 to fluctuate downwards.
In Official Dispatch No. 2059 sent to key petroleum trading traders, key petroleum production traders, petroleum distribution traders, the Ministry of Industry and Trade informed that on March 26, 2026, the Prime Minister issued Decision No. 482/QD-TTg on the application of environmental protection tax, value-added tax, special consumption tax on gasoline, oil, and aviation fuel in necessary cases for national interests.
Accordingly, the time of application of Decision No. 482/QD-TTg dated March 26, 2026 on tax reduction is from 24:00 on March 26, 2026 to the end of April 15, 2026; the level of environmental protection tax, value-added tax, special consumption tax for gasoline, oil and aviation fuel is as follows:
The environmental protection tax rate for gasoline (excluding ethanol), diesel and aviation fuel is 0 VND/liter; gasoline, diesel and aviation fuel are not subject to declaration and payment of value-added tax but are eligible for input value-added tax deduction; the special consumption tax rate for all types of gasoline is 0%.
In particular, the Government has issued Resolution No. 69/NQ-CP implementing advance payments for the Gasoline and Oil Price Stabilization Fund from the increased central budget revenue in 2025. The Resolution clearly states that the deduction and use of the Gasoline and Oil Price Stabilization Fund is implemented according to the principle: Publicity, transparency, limiting abnormal gasoline and oil price increases.
The Government assigns the Ministry of Industry and Trade to proactively develop and decide on a plan to deduct and spend the Gasoline and Oil Price Stabilization Fund, depending on the level of fluctuation of gasoline and oil prices to manage the spending level of the specific Price Stabilization Fund (VND/liter, kg) for finished gasoline and oil products in order to stabilize domestic gasoline and oil prices; implement recovery to the state budget (NSNN) when the gasoline and oil market is stable.
The Government agreed on the policy of supplementing 8,000 billion VND of the state budget expenditure estimate for 2026 for the Ministry of Industry and Trade from the source of increased central budget revenue (NSTW) in 2025 to advance to the gasoline and oil price stabilization fund as proposed by the Ministry of Finance in Official Dispatch No. 186/TTr-BTC dated March 25. Assigning the Prime Minister to issue a decision to supplement the budget expenditure estimate for 2026 for the Ministry of Industry and Trade from the source of increased central budget revenue in 2025 to advance to the gasoline and oil price stabilization fund.
