Fuel Prices in Vietnam Surge 105% Since War, Exceeding Rp25,351 per Litre

Fuel prices in Vietnam have surged sharply since the conflict in the Middle East erupted, with a significant increase particularly for diesel fuel. Citing AFP on Wednesday (25/3/2026), according to data from Vietnam’s Ministry of Trade, the price of diesel has more than doubled, or around 105%, since 26 February 2026, just two days before the United States and Israel launched attacks on Iran. The Vietnamese government has set the latest diesel price at 39,660 dong per litre, or approximately Rp25,351 per litre (exchange rate Rp16,901/US$ or Rp0.64 per dong), up from 19,270 dong last month. Meanwhile, the price of RON 95 petrol has also risen significantly, by nearly 68%, from 20,150 dong to 33,840 dong per litre over the same period. The surge in oil prices since the conflict began has caused fuel costs to rocket and sparked fears of shortages worldwide. Vietnam recently requested fuel support from several countries, including Qatar, Kuwait, Algeria, and Japan, and on Monday signed an agreement with Russia on oil and gas production in both countries. Vietnam’s Ministry of Finance on Tuesday proposed halving the environmental protection tax on petrol and diesel. A Hanoi resident, Nguyen Van Chi, said on Wednesday that he has not driven his truck for the past two weeks, instead choosing to cycle as much as possible. “With these extraordinary diesel prices, I can’t even sell my truck because no one will use it,” the 54-year-old entrepreneur told AFP.