Fuel Prices Vietnam
Part of: GIZ International Fuel Price database
Also see: Vietnam Energy Situation
Fuel Pricing Policies
| Local Currency: | VND |
| Exchange Rate: | 19271
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| 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 | |
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| in USD* |
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| in Local Currency |
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* 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.
(*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 |
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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
