Eighteen passenger transport companies operating fixed intra-provincial and interprovincial routes in Ho Chi Minh City have announced fare increases, while Vinasun Taxi has also adjusted its pricing.

Retail fuel prices in Vietnam were sharply cut from 22:00 on March 11 after authorities tapped the petrol price stabilisation fund to curb costs amid volatile global markets.

Amid recent fuel price fluctuations, several transport operators in Ho Chi Minh City have adjusted fares at varying levels, while many major companies have opted to keep ticket prices unchanged.

As gasoline prices fluctuate, more residents in Hanoi are turning to metro trains and buses to reduce daily commuting costs.

Small eateries across Hanoi have raised prices of pho and bun by VND3,000-VND5,000 as ingredient and operating costs continue to increase.

The Ministry of Industry and Trade has proposed allowing petroleum companies to determine retail fuel prices, with government agencies shifting toward monitoring and post-inspection.

As global energy markets turn volatile, Vietnam has activated fiscal, regulatory and supply measures to cushion domestic fuel prices and safeguard economic stability.

As oil prices climb amid Middle East tensions, logistics costs are rising worldwide - posing fresh challenges for export-driven economies such as Vietnam.

Prime Minister Pham Minh Chinh has ordered tighter oversight of the fuel market, stressing that petrol stations must not suspend sales without valid reasons amid concerns about supply stability.

Fuel prices have skyrocketed by VND5,703–VND15,622 per liter in just 10 days. Many sellers have requested an additional VND5,000 per order in delivery fees and raised the prices of a range of goods.

Amid sharp fluctuations in fuel prices, the Ministry of Industry and Trade has instructed gasoline wholesalers and distributors not to hoard fuel in anticipation of higher prices and to ensure uninterrupted supply.

Despite recent increases, Vietnam’s RON95 gasoline price is still lower than equivalent fuel prices in several neighboring countries.

On March 10, PM Pham Minh Chinh chaired a meeting with ministries, agencies and the energy security task force to discuss ensuring proactive energy supply for socio-economic development amid Middle East tensions affecting global energy supply chains.

Escalating tensions in the Middle East may push global oil prices higher, raising concerns about inflation, production costs and financial market sentiment.

Vietnam’s aviation authority warns of a potential Jet A-1 fuel shortage from April as supply disruptions and soaring prices linked to Middle East tensions ripple through the market.

On the evening of March 9, Prime Minister Pham Minh Chinh held phone calls with the leaders of the United Arab Emirates (UAE) and Qatar to discuss energy cooperation.

Many petrol stations across Vietnam have started limiting the amount of fuel each customer can purchase as prices surge and demand spikes sharply.

Prime Minister Pham Minh Chinh said Vietnam has mobilized roughly 4 million barrels of oil from partners to ensure short-term supply and help calm market concerns.

As fuel prices surge and global supply tensions intensify, Vietnam is accelerating its transition toward E10 biofuel, a move seen as a strategic step to ease pressure on conventional gasoline supplies.