Difference between revisions of "Fuel Prices Vietnam"

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Revision as of 17:33, 2 December 2012

Part of: GIZ International Fuel Price database
Also see: Vietnam Energy Situation

Fuel Pricing Policies

Local Currency: VND
Exchange Rate: 19271


(2010/11/17)

Last Update:

Petrolimex is the national petroleum corporation in Vietnam. Fuel prices follow a formula, based on import prices (Singapore spot market prices) and several margins, taxes and levies. The price is calculated and published daily by Petrolimex. In the daily newsletter publication, not only pump prices, but also the complete price breakdown is being published.

Vietnam has a stabilization fund for oil products, which is used to lower pump prices at times of import price peaks. As of March 2011, the value is positive, i.e. every sold litre of gasoline or diesel brings 300 Dong into the fund.

Historical timelines/statistics of fuelprices could not be found on the Petrolimes website (http://www.petrolimex.com.vn/).

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil



Fuel Price Composition

Price composition for one litre of Gasoline 92 Octane as of 2011/03/29.


GIZ IFP2012 Vietnam1.png
GIZ IFP2012 Vietnam2.png




(*The Special Consumption Tax is 10% of import price (incl. import tax, which is 0% as of March 2011))

(**VAT is 10% of pump price minus Fuel Charge of 1000 Dong.)

Import Price is the 30-day-average Singapore spot market price.

As of March 2011, there is no „Fuel Charge“ on diesel.

Source: http://www.petrolimex.com.vn/

At a Glance

Regulation-Price-Matrix
Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
IFPDB matrix background.png
IFPDB matrix point.png
IFPDB trafficlight green.png IFPDB trafficlight explanation.png IFPDB trafficlight yellow.png


Historical fuel price data missing.


Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.petrolimex.com.vn/
Price Composition http://www.petrolimex.com.vn/Desktop.aspx/Trang-Noi-Dung/Gia-co-so/ (In Vietnamese language)
Pump prices and margins http://www.petrolimex.com.vn/Desktop.aspx/Trang-Noi-Dung/Gia-co-so/ (In Vietnamese language)


Contact

Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de