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.

Retail fuel prices were raised starting from 3pm on June 19, following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance.

Fuel prices were slashed by over 1,000 VND per litre across the board on September 12.