---
title: "Fuel Prices Cut VND 1,800: Transport Costs and CPI Impact"
description: Examining the November 1, 2026 domestic fuel price reduction, logistics expense dynamics, and headline CPI inflation trends based on official government data.
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# Fuel Prices Cut VND 1,800: Transport Costs and CPI Impact

> Examining the November 1, 2026 domestic fuel price reduction, logistics expense dynamics, and headline CPI inflation trends based on official government data.

Gini · Macro & monetary · 2026-11-02 · https://ginity.vn/en/blog/fuel-price-cut-november-2026-transport-costs-cpi

_Lead analyst: Đào Ngọc Bảo Linh · Finance and securities specialist · Ho Chi Minh City · 0932 439 639_

## Key takeaways

- The Ministry of Industry and Trade issued Decision 2893/QĐ-BCT cutting E5 RON 92 petrol by VND 1,804 per litre to VND 24,223 and E10RON95-III by VND 1,575 per litre to VND 24,159 on November 1, 2026.
- Under Government Resolution 45/2026/NQ-CP signed on October 31, 2026, the special consumption tax rate on all petrol varieties was reduced to 0% from November 1, 2026 through March 31, 2027.
- According to National Statistics Office data released on October 3, 2026, transport prices rose 11.67% year-on-year in the first 9 months of 2026, contributing 1.16 percentage points to the 4.52% headline CPI.
- Diesel 0.05S retail prices remained unchanged at VND 30,240 per litre on November 1, 2026, creating divergent cost impacts across distinct transport and logistics segments.

The Ministry of Industry and Trade published Decision 2893/QĐ-BCT enacting steep retail petrol price reductions starting at midnight on November 1, 2026, following Government Resolution 45/2026/NQ-CP which lowered special consumption tax rates on petrol to 0%. This regulatory fiscal intervention arrived when headline consumer price pressures mounted across the first 9 months of 2026, directly easing commercial delivery costs and expanding fiscal room for inflation containment through late 2026.

## Fuel price reductions from November 1, 2026

According to official gazette records released on [Government News](https://baochinhphu.vn/tu-ngay-1-11-2026-thue-suat-thue-tieu-thu-dac-biet-doi-voi-xang-dau-cac-loai-la-0-102261031231855982.htm) on October 31, 2026, Deputy Prime Minister Nguyen Van Thang signed Government Resolution 45/2026/NQ-CP establishing a 0% special consumption tax rate across all petrol grades. The tax adjustment took legal effect on November 1, 2026 and remains in force through March 31, 2027. Prior to this decree, statutory special consumption tax rates governed under Law 66/2025/QH15 stood at 10% for standard mineral petrol, 8% for E5 biofuel, and 7% for E10 biofuel.

Simultaneously, the Minister of Industry and Trade promulgated Decision 2893/QĐ-BCT on October 31, 2026 governing domestic retail fuel price ceilings and fuel price stabilization fund disbursements, as published by [Government News](https://baochinhphu.vn/gia-xang-giam-manh-xang-e5-giam-hon-1800-dong-lit-10226103122235494.htm). Effective from midnight on November 1, 2026, ceiling retail fuel prices were restructured across primary consumer categories.

According to figures published under Decision 2893/QĐ-BCT on October 31, 2026, biofuel E5 RON 92 dropped by VND 1,804 per litre to a ceiling of VND 24,223 per litre on November 1, 2026. Biofuel E10RON95-III decreased by VND 1,575 per litre to a maximum of VND 24,159 per litre on November 1, 2026. Notably, retail E10RON95-III traded at a statutory discount of VND 64 per litre below E5 RON 92 on November 1, 2026. Conversely, diesel 0.05S remained unchanged at VND 30,240 per litre, kerosene remained at VND 30,070 per litre, and heavy fuel oil 180CST 3.5S held at VND 23,590 per kilogram on November 1, 2026. Both the Ministry of Industry and Trade and the Ministry of Finance mandated zero contributions to and zero disbursements from the national fuel price stabilization fund on October 31, 2026.

To measure the relative magnitude of fuel cost relief, the percentage price adjustment formula relative to prior baseline prices is specified as follows:

$$\text{Price Reduction Rate} = \frac{\text{Price Reduction Amount}}{\text{Prior Retail Price}} \times 100\%$$

Applying this baseline equation to official Ministry of Industry and Trade data released on October 31, 2026, individual fuel adjustment rates calculated by Ginity for November 1, 2026 are:

$$\text{E5 RON 92 Petrol Reduction Rate} = \frac{1,804}{26,027} \times 100\% \approx 6.93\%$$

$$\text{E10RON95-III Petrol Reduction Rate} = \frac{1,575}{25,734} \times 100\% \approx 6.12\%$$

The following table summarizes fuel price ceiling movements effective in the November 1, 2026 regulatory cycle:

| Fuel Product | Prior Retail Price before November 1, 2026 (VND/litre or kg) | Price Adjustment (VND/litre or kg) | Ceilings from November 1, 2026 (VND/litre or kg) | Relative Price Variance calculated by Ginity (%) |
| :--- | :--- | :--- | :--- | :--- |
| Biofuel E5 RON 92 | 26,027 | -1,804 | 24,223 | -6.93% |
| Biofuel E10RON95-III | 25,734 | -1,575 | 24,159 | -6.12% |
| Diesel 0.05S | 30,240 | 0 | 30,240 | 0.00% |
| Fuel Oil 180CST 3.5S | 23,590 | 0 | 23,590 | 0.00% |

Source: Ministry of Industry and Trade Decision 2893/QĐ-BCT issued on October 31, 2026, with percentage variances calculated by Ginity.

According to data compiled from the Ministry of Industry and Trade on October 31, 2026, the chart below illustrates retail price structures before and after the 0% excise tax regime became effective on November 1, 2026:

> Chart: Retail fuel price movements in the November 1, 2026 price cycle. VND/litre. E5 prior: 26,027; E5 Nov 1: 24,223; E10 prior: 25,734; E10 Nov 1: 24,159; Diesel prior: 30,240; Diesel Nov 1: 30,240.

According to policy reporting published on October 31, 2026, readers can examine paired electricity tariff reductions in [Resolution 45 on fuel excise tax exemption](/en/blog/resolution-45-gasoline-tax-exemption-and-electricity-cut).

## Transport sector pressure on 9M 2026 inflation

Official macroeconomic records published by the [National Statistics Office](https://www.nso.gov.vn/tin-tuc-thong-ke/2026/10/thong-cao-bao-chi-ve-tinh-hinh-gia-thang-chin-quy-iii-va-9-thang-nam-2026/) on October 3, 2026 show that domestic headline inflation throughout the first 9 months of 2026 was driven heavily by the transport sub-basket. Vietnam headline consumer price index expanded by an average of 4.52% year-on-year across the first 9 months of 2026, while core inflation advanced 4.26%. The 9-month average of 4.52% approached the statutory upper boundary of the 4.5% annual target established by the National Assembly for 2026.

Across all 11 major consumption baskets, the transport category posted the steepest price increases in 2026. According to the press bulletin published on October 3, 2026 by the [National Statistics Office](https://www.nso.gov.vn/tin-tuc-thong-ke/2026/10/thong-cao-bao-chi-ve-tinh-hinh-gia-thang-chin-quy-iii-va-9-thang-nam-2026/), the transport index for September 2026 surged 11.67% year-on-year, contributing 1.16 percentage points to the 5.08% headline CPI reading. This pressure stemmed directly from fuel commodity prices, which escalated 23.96% year-on-year in September 2026 following global energy market volatility.

On a sequential monthly tracking basis, transport costs rose 3.97% in September 2026 compared to August 2026, adding 0.40 percentage points to the monthly headline CPI according to reports by the [National Statistics Office](https://www.nso.gov.vn/tin-tuc-thong-ke/2026/10/thong-cao-bao-chi-ve-tinh-hinh-gia-thang-chin-quy-iii-va-9-thang-nam-2026/) on October 3, 2026. Domestic pump adjustments led petrol prices higher by 9.39% and diesel prices by 4.53% in September 2026 compared to August 2026. Readers can inspect broader methodologies for price statistics in our analysis on [reading macroeconomic indicators on CPI](/en/blog/reading-macro-news-cpi-rates-fx).

According to statistical weights established for 2026, transport represents roughly 9.67% of the national CPI consumption basket, ensuring that every 5% to 10% move in fuel pump prices in 2026 transmits promptly into headline indices. Persistent quarterly fuel escalation prompted the government to lower special consumption taxes on petrol to 0% under Resolution 45/2026/NQ-CP on October 31, 2026.

## Divergent impact on commercial transport costs

Although the zero excise tax policy delivered pump price cuts exceeding VND 1,800 per litre on November 1, 2026, practical cost relief exhibited pronounced divergence across commercial transport fleets.

According to economic analysis by financial specialists published in [Dan Tri News](https://dantri.com.vn/kinh-doanh/gia-xang-giam-gan-2000-donglit-tu-0h-ngay-111-20261031210006111.htm) on October 31, 2026, zero excise taxes significantly lower operational overhead for petrol-dependent fleets. Reductions of 6.93% for E5 RON 92 and 6.12% for E10RON95-III directly alleviate fuel bills for passenger taxi companies, ride-hailing networks, urban transit operators, and courier services on November 1, 2026. For small courier operators, petrol expenditures typically represent between 25% and 35% of total operating overhead in 2026, making the November 1, 2026 price cut an immediate operational benefit.

In contrast, long-haul freight logistics, heavy trucking fleets, container shipping, and long-distance passenger coaches operate predominantly on diesel fuel. According to regulatory schedules issued by the [Ministry of Industry and Trade](https://baochinhphu.vn/gia-xang-giam-manh-xang-e5-giam-hon-1800-dong-lit-10226103122235494.htm) on October 31, 2026, diesel 0.05S remained unchanged at VND 30,240 per litre on November 1, 2026. Because diesel has never been subject to special consumption taxes in Vietnam, the excise exemption under Resolution 45/2026/NQ-CP generated zero direct price change for this fuel.

Consequently, according to logistics assessments reported on October 31, 2026, long-distance freight tariffs and heavy industrial shipping expenses experienced no instantaneous cost decrease from the November 1, 2026 tax measure. Corporate freight buyers must separate fleet fuel mixes when evaluating supply chain cost pass-through. Readers can track upstream crude benchmarks in our review of [oil price trends and equity impacts](/en/blog/vietnam-fuel-prices-oil-gas-stocks-oct-29-2026).

## Room for headline inflation control in late 2026

The fuel price adjustments enacted on November 1, 2026 provide meaningful headroom for headline inflation containment during the fourth quarter of 2026. In remarks published by [Vietnam News](https://vietnamnews.vn/economy/1803324/viet-nam-cuts-fuel-tax-to-zero-petrol-prices-fall-by-up-to-vnd1-800-per-litre.html) on November 1, 2026, the Chairman of the Vietnam Valuation Association noted that lowering retail petrol prices between VND 1,575 and VND 1,804 per litre directly mitigates upward pressure on fourth-quarter consumer price indices.

According to valuation analysts on November 1, 2026 in Vietnam News, the fourth quarter typically experiences seasonal surges in consumer spending and household demand. Accelerated public investment disbursement and seasonal credit expansion in late 2026 also add liquidity pressure. Proactive tax reductions curb intermediate transport distribution costs, dampening potential second-round price pass-through into basic food items and household services in late 2026.

According to economic observations reported in [Dan Tri News](https://dantri.com.vn/kinh-doanh/gia-xang-giam-gan-2000-donglit-tu-0h-ngay-111-20261031210006111.htm) on October 31, 2026, cutting the special consumption tax to 0% provides timely input cost mitigation. Fuel costs factor into pricing across diverse economic sectors, and lowering petrol prices by over VND 1,800 per litre on November 1, 2026 enables manufacturers to preserve stable wholesale quotes during peak year-end production in 2026.

According to statutory terms in Resolution 45/2026/NQ-CP, zero excise tax rates remain active through March 31, 2027, serving as a predictable macro stabilization lever to keep full-year 2026 average CPI within targeted policy ranges.

## Regional fuel price comparison in Southeast Asia

Comparative data compiled by the Ministry of Industry and Trade on October 31, 2026 and published on [Government News](https://baochinhphu.vn/gia-xang-giam-manh-xang-e5-giam-hon-1800-dong-lit-10226103122235494.htm) and [Vietnam News](https://vietnamnews.vn/economy/1803324/viet-nam-cuts-fuel-tax-to-zero-petrol-prices-fall-by-up-to-vnd1-800-per-litre.html) demonstrates that domestic pump prices in Vietnam after November 1, 2026 remained competitive relative to regional economies.

According to official figures recorded by the Ministry of Industry and Trade on October 31, 2026, converted petrol prices across regional markets stood at VND 32,550 per litre in Thailand and VND 36,125 per litre in China, alongside higher price levels across regional neighbors. Compared against maximum domestic ceilings of VND 24,159 per litre for E10RON95-III and VND 24,223 per litre for E5 RON 92 on November 1, 2026, Vietnamese retail petrol traded between VND 8,327 and VND 24,117 per litre below neighboring markets based on Ministry of Industry and Trade data compiled by Ginity.

This regional cost advantage reflects concurrent regulatory measures implemented across 2026, including environmental protection taxes held at 0 VND per litre, exempt value-added tax filing status, and 0% preferential import tariffs on petroleum products maintained through December 31, 2026 under Resolution 43/2026/NQ-CP as published on [Government News](https://baochinhphu.vn/tu-ngay-1-11-2026-thue-suat-thue-tieu-thu-dac-biet-doi-voi-xang-dau-cac-loai-la-0-102261031231855982.htm).

## Sources

- Government News: [From November 1, 2026, excise tax rate on petrol products is 0%](https://baochinhphu.vn/tu-ngay-1-11-2026-thue-suat-thue-tieu-thu-dac-biet-doi-voi-xang-dau-cac-loai-la-0-102261031231855982.htm) (October 31, 2026)
- Government News: [Petrol prices drop sharply, E5 falls by over VND 1,800 per litre](https://baochinhphu.vn/gia-xang-giam-manh-xang-e5-giam-hon-1800-dong-lit-10226103122235494.htm) (October 31, 2026)
- National Statistics Office: [Press release on price index situation in September, Q3, and 9 months of 2026](https://www.nso.gov.vn/tin-tuc-thong-ke/2026/10/thong-cao-bao-chi-ve-tinh-hinh-gia-thang-chin-quy-iii-va-9-thang-nam-2026/) (October 03, 2026)
- Vietnam News: [Việt Nam cuts fuel tax to zero, petrol prices fall by up to VND 1,800 per litre](https://vietnamnews.vn/economy/1803324/viet-nam-cuts-fuel-tax-to-zero-petrol-prices-fall-by-up-to-vnd1-800-per-litre.html) (November 01, 2026)
- Dan Tri News: [Petrol prices fall by nearly VND 2,000 per litre from midnight November 1](https://dantri.com.vn/kinh-doanh/gia-xang-giam-gan-2000-donglit-tu-0h-ngay-111-20261031210006111.htm) (October 31, 2026)

## Frequently asked questions

### By how much did retail petrol prices decrease on November 1, 2026?

Under Decision 2893/QĐ-BCT issued on October 31, 2026, E5 RON 92 petrol fell by VND 1,804 per litre to a maximum of VND 24,223, while E10RON95-III dropped by VND 1,575 per litre to VND 24,159 starting at midnight on November 1, 2026.

### Why were diesel and heavy fuel oil prices unchanged on November 1, 2026?

The 0% special consumption tax policy under Resolution 45/2026/NQ-CP applies exclusively to petrol products. Diesel and fuel oil have never been subject to excise taxes, leaving diesel unchanged at VND 30,240 per litre.

### How did transport costs affect Vietnam inflation in the first 9 months of 2026?

According to National Statistics Office figures published on October 3, 2026, transport sector prices rose 11.67% year-on-year during the first 9 months of 2026 due to a 23.96% surge in fuel prices, adding 1.16 percentage points to headline CPI.

---

_Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content._

_Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources._