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flag Vietnam raised petrol prices 20%–34% on March 20, 2026, due to global oil instability, prompting fuel aid requests and a push to ethanol-blended gasoline.

flag Vietnam raised petrol prices by 20% to 34% on March 20, 2026, with 95-octane gasoline reaching 30,690 VND per liter and diesel 33,420 VND, driven by global oil market instability from Middle East tensions, Iran’s influence on the Strait of Hormuz, and the Russia-Ukraine war. flag The government cited supply concerns and sought fuel aid from Qatar, Kuwait, Algeria, and Japan, while warning of possible domestic flight reductions. flag Despite the surge, officials said Vietnam can meet domestic fuel needs through April. flag The country also accelerated its shift to ethanol-blended gasoline, moving the full transition to January 2027. flag Neighboring nations reported similar disruptions, including fuel shortages and price hikes.

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