The Ministry of Construction has just issued a report on the impact of fuel price fluctuations on transportation and construction investment sectors.
According to the report, the Ministry of Construction said that in the face of the tense developments of military conflict in the Middle East region, crude oil and petroleum product prices in the world have fluctuated sharply, affecting transportation costs and production and business activities.
Rising gasoline and oil prices have affected a series of transportation and construction investment sectors such as: Aviation; Maritime and Waterway; Roads; Railways; construction investment.
In the aviation sector, flight fuel costs account for about 35-40% of the total operating costs of airlines. In addition, the fact that airspace is closed or restricted (such as Iran, Iraq, Kuwait, Qatar, UAE, Israel) leads to the need to adjust flight routes; flight fees through alternative corridors and insurance risk premiums... leading to increased operating costs.
Currently, the price of aviation fuel MOPS Jet A-1 Singapore is trading around 160.57 USD/barrel, forecast to continue to remain high, approximately 170 USD/barrel in March due to concerns about escalating tensions and limited supply. According to the International Air Transport Association IATA, the increase in Jet A-1 prices will cause airline operating costs to increase by about 50-60% and if Jet A-1 prices increase to 200 USD/barrel or more, airline costs will increase by over 70%.
According to reports, operating costs of Vietnam Airlines Corporation increased by about 50-60%; of Sun Phu Quoc Airways by 30% and VietJet Air increased by 2 trillion VND per month.
In the maritime and waterway sectors, fuel costs account for about 30-40% of operating costs, fuel prices increase by 20%, then maritime freight rates will increase by about 15%, and inland waterways will increase by about 18%.
For international sea transport, routes passing through the Middle East region must increase routes and time by about 14 - 20 days (because they have to go around far from the war zone) and increase war risk surcharges by about 2000 - 4000 USD/Container. According to quick records, international transport service prices increased on some routes such as: HCM route to UAE, USA and EU increased by about 2-3 times.
In the road sector, fuel costs account for about 30–40% of the cost of automobile transportation. The increase in gasoline prices has caused transportation businesses to adjust to increase freight rates, affecting logistics costs and commodity costs.
The group with strong price increases (over 30%) includes 7 provinces/cities: Ninh Binh (up to 50%), Quang Ninh (up to 33.3%), Vinh Long (up to 33.3%), Tuyen Quang (up to 33%), Lao Cai (up to 33%), Thua Thien Hue (up to 31%), Ca Mau (up to 30%). Mountainous provinces (Lai Chau, Dien Bien, Lao Cai): Recorded the highest fare increase (some routes increased by up to 50%) due to difficult routes and high fuel consumption.
The group with average price increases (from 10% - 30%) includes 11 provinces/cities: Ho Chi Minh City (commonly 10-20%), Hai Phong (15-30%), Can Tho (16.66%), Dien Bien (20-30%), Cao Bang (14.29%), Thanh Hoa (10-20%), Ha Tinh (13-25%), Son La (10-20%), Lai Chau (12-20%), Thai Nguyen (7-25%), Dong Nai (5-27%).
Hai Phong and Quang Ninh cities recorded an average increase in freight and container freight rates of 10-24%, putting pressure on the logistics supply chain of seaports.
In Ho Chi Minh City, electric taxis account for 83% of the taxi market share; this type of vehicle is going against the trend when implementing a 10% price reduction to support people.
For the railway sector, fuel costs account for about 26% of railway freight rates, on March 8, 2026, railway freight rates were adjusted by 15% for freight transport and 10% for passenger transport.
For the field of construction investment, fuel costs account for about 3-5% of construction costs depending on the type of project, the current increase in gasoline and oil prices has not exceeded the cost provision level in the construction investment estimate.
