Fuel prices in Vietnam have continued to fluctuate sharply in recent weeks, reflecting global energy market disruptions and ongoing geopolitical tensions. As an import-dependent economy, Vietnam’s gasoline and diesel prices are highly sensitive to international crude oil movements, making fuel cost changes a critical variable for businesses.

Recent global developments, particularly supply risks and logistics disruptions, have reinforced the importance of closely tracking fuel price trends in Vietnam, as these directly affect operating costs, pricing strategies, and overall market stability.

Latest fuel price in Vietnam (Updated: 27 March 2026)

As of 27 March 2026, the latest fuel price in Vietnam is approximately:

Some fuel prices in Vietnam (from 29 Jan to 27 Mar, 2026)

Fuel prices are adjusted periodically by the Ministry of Industry and Trade of Vietnam in coordination with the Ministry of Finance

Thanks to the simultaneous implementation of a series of solutions, domestic gasoline and diesel prices have fallen sharply from the peak, thereby stabilizing market sentiment and controlling inflation.

Accordingly, from March 26th to April 15th, 2026, the environmental protection tax on gasoline (excluding ethanol), diesel fuel, and aviation fuel will be reduced to 0 VND/liter; these items are not subject to value-added tax declaration and payment, but are still eligible for input tax deduction.

The excise tax on gasoline has also been adjusted from 8-10% to 0%. The Ministry of Finance stated that the tax reduction could decrease budget revenue by approximately 7,200 billion VND per month. However, this is seen as a tool to support the stabilization of gasoline prices, thereby reducing cost pressure on people and businesses.

Business implications: From cost pressure to supply chain risk

Logistics and Transportation cost escalation

Rising diesel prices are significantly increasing transportation costs, especially in Vietnam where road freight dominates. Logistics providers are increasingly applying fuel surcharges, leading to higher overall distribution expenses.

As observed in previous global disruptions, fuel price increases tend to amplify across the entire logistics chain, affecting not only direct transport costs but also routing decisions and delivery timelines.

Read more: 

Middle East conflict: A global Logistics shock and Risk-management implications for Vietnam’s Transport and Logistics businesses

Impact on export-oriented industries

Export-driven sectors such as agro-processing and seafood are particularly exposed, as they rely heavily on cold chain logistics and international shipping. In this context, rising fuel costs can have a more immediate and substantial impact than demand fluctuations, directly affecting profit margins and competitiveness.

This highlights the growing importance of cost control and supply chain optimization for Vietnamese exporters.

Read more: 

Rising logistics costs may hurt Vietnam’s agro-seafood sector more than direct demand loss from the US–Iran war

Inflationary pressure and consumer market effects

Rising fuel prices act as a key transmission channel for inflation in Vietnam, as higher energy costs quickly feed into transportation, production, and retail prices. As observed in previous global shocks, increases in oil prices can push inflation toward higher levels in the short term, creating broader cost pressures across the economy.

Beyond direct impacts, higher logistics and distribution costs are gradually passed on to consumers, particularly in essential goods such as food and daily necessities. This erodes purchasing power and may lead to more cautious spending behavior, potentially slowing demand recovery if fuel price volatility persists.

Read more:

Study the effect of US-Iran relations on Vietnam market

Navigating market change with B&Company

In a market environment shaped by rapid cost fluctuations and external shocks, timely insights are critical for effective decision-making. B&Company, the first Japanese company specializing in market research in Vietnam, supports businesses in monitoring market developments, assessing cost impacts, and adapting strategies to changing conditions. Through local expertise and data analysis, we help clients navigate uncertainty and identify sustainable growth opportunities in Vietnam’s evolving business landscape.

* If you wish to quote any information from this article, please kindly cite the source along with the link to the original article to respect copyright.