In Resolution No. 36/NQ-CP dated March 6, 2026, the Government has proposed a number of urgent solutions to respond to the ongoing conflict in the Middle East.
The Government agreed to apply the provisions of Clause 8, Article 59 of the 2022 Oil and Gas Law, which requires Oil Owners to sell their own crude oil in the Vietnamese market for crude oil/condensate types (unsigned sales contracts) in accordance with the needs and processing technology of domestic refineries.
Authorize the Minister of Finance to direct the Member Council of Vietnam National Industry - Energy Group (PVN) (replacing the Government) to decide on specific contents, ensuring flexibility, efficiency, and compliance with legal regulations on oil and gas.
At the same time, the Government also allows PVN and PVN's member units operating in the field of crude oil processing and trading (Binh Son Refining and Petrochemical Joint Stock Company, Vietnam Oil Corporation) to carry out the purchase and sale, import and export of crude oil and raw materials for gasoline and oil production.
The Government authorizes the Ministry of Industry and Trade and the Ministry of Finance to be responsible for state management and representing ownership of capital, directing PVN and corporations in crisis conditions; Ministries must be responsible for state management according to their authority.
The Ministry of Industry and Trade, within its authority, shall carefully review and proactively take measures to ensure that the supply of gasoline and oil meets the requirements of domestic production, business and consumption; not to let gasoline and oil shortages occur; promptly report, propose, and recommend issues beyond its authority.
The Ministry of Industry and Trade shall preside over and coordinate with the Ministry of Finance under its authority to direct Vietnam Electricity Group, PVN and related units to agree on the principle of prioritizing the maximum use of domestic gas for power generation and have an exchange mechanism in using domestic gas sources instead of imported LNG.
The implementation ensures compliance with legal regulations on electricity and related regulations, minimizing the risk of fuel supply shortages for electricity production, increasing condensate/rough oil exploitation output (increased by gas), and ensuring national energy security.
The Government also agreed with the Ministry of Industry and Trade to preside over and coordinate with the Ministry of Finance to apply immediately after this Government Resolution is issued the adjustment of gasoline and oil prices when the base price of gasoline and oil of one of the commonly consumed gasoline and oil items on the market increases by 7% compared to the base price of gasoline and oil announced in the previous operating period.
The management of gasoline and oil prices and the announcement of base gasoline and oil prices are chaired by the Ministry of Industry and Trade, in coordination with the Ministry of Finance, after the base gasoline and oil price increased by 7%.
When the base price of gasoline and oil increases by less than 7% compared to the base price announced in the previous operating period, the management of gasoline and oil prices will continue to be implemented according to the provisions of Clause 11, Article 1 of Decree No. 80/2023/ND-CP (weekly Thursday).
Based on data on the factors constituting the base price of gasoline and oil according to regulations and opinions participating in gasoline and oil price management from the Ministry of Finance sent in writing before 12:00 on the date of gasoline and oil price management, the Ministry of Industry and Trade announces the base price and selling price of gasoline and oil.
