Petrol price journey in 2021

Petrol price journey in 2021

 In 2021, although the world in general and Vietnam in particular must strain themselves against the Covid-19 pandemic, many production and travel activities will be disrupted, but the price of petrol has not been reduced because of that. 



In 2021, gasoline prices in Vietnam had 16 price increases, more than 3 times higher than the number of reductions. Therefore, by the end of 2021, the retail price of gasoline has increased by more than 41% compared to the end of 2020.


If at the end of 2020, the price of E5RON92 gasoline is at 15,518 VND / liter, RON95 gasoline is 16,479 VND / liter, diesel is 12,376 VND / liter, kerosene is 11,188 VND / liter, madut oil is 12,272 VND / 1kg, After the adjustment on December 25, the retail price of gasoline in the country in the end of 2021 has increased sharply compared to 2020. 

With E5RON92 gasoline to 22,550 VND/liter, RON95 gasoline is 23,295 VND/liter, and kerosene is 16,518 VND/liter. /liter, diesel oil is 17,579 VND/liter, madut oil is 15,745 VND/kg.

By the end of 2021, gasoline prices have 24 price adjustments. For gasoline, there are 16 price increases, 5 decreases and 3 times the retail price remains the same. Each liter of RON95 gasoline costs another VND6,816 in 2021; E5RON92 gasoline also increased by 7,032 VND compared to 2020.


Diesel and kerosene oil had 14 increases, 7 decreases and 3 times, the operator kept the selling price unchanged. In total, each liter of diesel costs an additional VND 5,203; kerosene is 5,330 VND. And madut oil has 12 times increased, 8 decreased and 4 times kept the same selling price, totaling 3,473 VND/kg more expensive in the past year.


In 2021, the price of RON95 gasoline has a period of close to 25,000 VND per liter, the highest in 7 years and only 80 dong from the historical peak in July 2013.


Expenditure on petrol price stabilization fund: E5RON92 gasoline has 22 times spent and 2 times not spent, the total amount spent is 30,268 VND/liter; RON95 gasoline has 17 times spent, 7 times not spent, the total cost is 11,223 VND/liter. Diesel 15 times spent, 9 times not spent and the total amount is 5,444 VND/liter; kerosene has 14 times to spend and 10 times not to spend, the total cost is 5,362 VND/liter; fuel oil has 10 times spent and 14 times not spent, the total cost is 4,571 VND / 1kg.

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