How much is 1 litre of petrol in Vietnam?

Gasoline Prices in Vietnam: A Steady Decline

As of November 2024, the fuel market in Vietnam has witnessed a modest downturn, with the price of 1 liter of gasoline falling to $0.76. This represents a slight drop from the average price of $0.78 per liter observed in the preceding months.

Throughout the year, the average gasoline price in Vietnam has hovered around $0.83 per liter. This steady decline is attributed to several factors, including the easing of global oil prices and increased domestic production.

The government’s efforts to curb fuel consumption have also played a role in moderating prices. Recent measures, such as the promotion of electric vehicles and the implementation of fuel-efficient technologies, have helped reduce demand.

The current gasoline price in Vietnam provides a competitive advantage compared to many other nations, making it an attractive destination for tourists and businesses. The ample supply and affordable fuel costs contribute to the country’s overall economic growth and development.

While the price of gasoline remains relatively low in Vietnam, it is important to note that it can fluctuate due to external factors such as global oil market conditions. Nevertheless, the government remains committed to ensuring stable fuel prices for consumers and businesses alike.