Fuel Cost
As of June 2011, Mogas 92 is selling at 21,300 VND ($1.04) and Mogas 95 at 21,800 VND ($1.06) per liter. By August 2011, fuel cost decreases by VND 500, a quarter of the increase 6 months before.
Fuel is an essential component of daily life and economic activities in Vietnam. With the vast number of motorbikes and cars on the roads, the prices of oil, gas, and petroleum remain among the most discussed topics in the country. If you are considering moving to Vietnam and plan to operate a vehicle, you may want to familiarize yourself with the current fuel landscape.
Overall, the Vietnamese fuel market is competitive, featuring numerous suppliers but is also closely regulated by the government, which frequently sets price ceilings and maintains a price stabilization fund. The Vietnam National Petroleum Corporation, known as Petrolimex, dominates the retail market, holding approximately 60% market share, followed by the Military Petroleum Corporation and Comeco.
Photo: hethonggas.vn In recent years, fuel costs in Vietnam have surged due to escalating global petrol prices and various economic pressures. As of 2025, gasoline prices in Vietnam generally hover around 28,000 VND per liter (approximately $1.12 USD), compared to about 5,000 - 7,500 VND (40 – 60 cents) in 2005. Additionally, while past price peaks were recorded in 2008 and 2011, current trends indicate relative stabilization with periodic fluctuations based on global market conditions.
Currently, Mogas 95 is priced around 28,800 VND per liter (approximately $1.16 USD), while diesel costs about 30,300 VND per liter (around $1.20 USD). Though these figures reflect an increase over time, fuel prices in Vietnam remain lower than in several neighboring countries, such as China ($1.50 USD), Laos ($1.40 USD), and major Western countries like Germany ($1.60 USD) and the UK ($2.00 USD).
However, even with competitive pricing, the rising fuel costs continue to pose challenges for many Vietnamese, particularly those on fixed incomes or new residents in urban areas who may need to adjust their budgets accordingly. As fuel expenses rise, navigating the cost of living in the country has become increasingly crucial for individuals and families alike.
