Fuel prices cut from July 1 due to VAT reduction

Retail fuel prices have been lowered starting from July 1 as the National Assembly’s Resolution No. 204/2025/QH15 on value-added tax (VAT) reduction takes effect.

Accordingly, the maximum retail price of E5 RON92 petrol has been set at 20,530 VND (0.79 USD) per litre, down 381 VND from June 30.

The price of RON95-III petrol is now capped at 21,116 VND per litre, a decrease of 391 VND.

Diesel 0.05S is priced at no more than 19,349 VND per litre, down 358 VND while kerosene has been reduced to a maximum of 19,064 VND per litre.

Meanwhile, mazut 180CST 3.5S has been lowered by 314 VND to 16,955 VND per kg.

(Source:  VNA)